Birkemeyer Elaine M. 4
Research Summary
AI-generated summary
Tactile Systems (TCMD) CFO Elaine Birkemeyer Sells 7,701 Shares
What Happened
Elaine M. Birkemeyer, Chief Financial Officer of Tactile Systems Technology, Inc. (TCMD), sold 7,701 shares of company common stock in open-market transactions on February 24, 2026. The weighted average sale price was $28.94 per share, producing gross proceeds of approximately $222,880. This was a sale (not a purchase) and the filing indicates the shares were sold to cover taxes related to the settlement of stock units.
Key Details
- Transaction date: February 24, 2026 (filed with the SEC on February 26, 2026). Filing appears timely (two days after the trade).
- Shares sold: 7,701; weighted average price: $28.94; total proceeds: ~$222,880.
- Price range reported: $28.50 to $29.45 per share across multiple transactions (footnote says per-price breakdown available on request).
- Footnote: sale performed to cover taxes associated with settlement of stock units (tax withholding).
- Shares owned after the transaction: not specified in the information provided.
Context
The filing shows a routine tax-related sale rather than a discretionary sell/buy signal; such transactions are commonly done to satisfy tax withholding when stock awards vest or settle. The report’s footnote offers to provide a detailed breakdown of the number of shares sold at each specific price upon SEC, issuer, or shareholder request.