Kalia Kumud 4

What Happened

• Kalia Kumud, Chief Information Officer of Guardant Health (GH), had 638 restricted stock units (RSUs) vest on June 15, 2026. The vested RSUs converted to shares at no purchase price ($0.00).
• To cover tax withholding, the company retained (disposed of) 314 of those shares at $129.82 each, generating approximately $40,763 to satisfy the tax obligation. The insider received the remaining 324 shares net.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely within the standard 2-business-day reporting window).
• Vesting/conversion: 638 RSU shares converted to common shares (reported as derivative exercise/conversion).
• Tax withholding: 314 shares withheld/retained by the company at $129.82 per share for a total of ~$40,763 (code F — tax withholding).
• Net shares delivered to insider: 324 shares (638 vested − 314 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: Company retained shares to meet the award-holder’s tax withholding; amount retained was not in excess of the tax liability.
  • F2: The RSU award was granted June 9, 2023 and vested over three years (33% vested 6/15/2024; remaining 67% vested in equal quarterly installments thereafter).
  • F3: Not applicable for RSUs.

Context

• This was not an open-market sale by the insider but a routine company withholding to cover taxes upon RSU vesting (a common administrative step). Such withholdings do not necessarily indicate insider sentiment for the stock.
• For clarity: the RSUs vested (converted into shares) rather than being purchased; some shares were retained by the company to satisfy tax obligations (often called a “sell-to-cover” or share-withholding).