Kalia Kumud 4

What Happened

• Kalia Kumud, Chief Information Officer of Guardant Health (GH), executed a series of open‑market trades in June 2026: a sale of 600 shares on 2026-06-10 and both a purchase and a sale of 600 shares each on 2026-06-15. Prices were about $130.86, $130.76, and $131.08 per share, respectively, with transaction amounts of $78,516; $78,456; and $78,648. The company identified $192 in recoverable Section 16(b) short‑swing profits related to these trades, which Mr. Kumud has paid back.

Key Details

• Transactions:
  • 2026-06-10: Sale (S) — 600 sh @ $130.86 = $78,516
  • 2026-06-15: Purchase (P) — 600 sh @ $130.76 = $78,456
  • 2026-06-15: Sale (S) — 600 sh @ $131.08 = $78,648
• Footnote: Company identified $192 in Section 16(b) short‑swing profit; insider paid that amount to the company.
• Filing: Form 4 filed 2026-06-30 reporting period 2026-06-10 — filed approximately 20 days after the first trade (appears late vs. the typical 2 business‑day Form 4 deadline).
• Shares owned after transactions: not specified in the provided filing details.

Context

• Section 16(b) requires insiders to disgorge profits from purchases and sales within a six‑month window; the $192 payment reflects that rule being applied here.
• The activity includes both a purchase and sales in a short window; purchases can be more informative of insider sentiment, but these trades largely offset and resulted in a small recoverable profit. The late filing is a disclosure/timeliness issue but the trades and remediation (paying the $192) are now on record.