Novack Jeffrey Adam 4

What Happened
Jeffrey Adam Novack, Secretary and General Counsel of CareDx, had 1,892 shares withheld by the company on April 6, 2026 to satisfy tax withholding obligations tied to the issuance of shares upon vesting of restricted stock units (RSUs). The withheld shares are reported at $17.82 per share for a total value of $33,715. This was not an open-market sale but a withholding to cover taxes (a routine administrative disposition).

Key Details

• Transaction date: 2026-04-06; reported on Form 4 filed 2026-04-07 (timely filing).
• Shares withheld/disposed: 1,892 shares at $17.82 per share; total value $33,715.
• Transaction code: F (tax withholding on issuance of shares).
• Footnote: Shares were withheld by the issuer to satisfy tax withholding obligations upon RSU vesting.
• Shares owned after the transaction: not specified in the provided filing.

Context
Tax-withholding withholdings on RSU vesting are common and do not necessarily indicate the insider is selling stock for investment reasons — the company simply retains shares to cover required taxes. This is an administrative, non-market disposition and should be interpreted differently from open-market sales or purchases.