Novack Jeffrey Adam 4

What Happened

• Jeffrey Adam Novack, Secretary and General Counsel of CareDx, had 2,873 shares disposed (withheld) on May 1, 2026 to satisfy tax withholding obligations tied to the issuance of shares upon RSU vesting.
• The withholding was recorded at $21.50 per share for a total value of $61,770. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-01
• Filing date: 2026-05-04 (Form 4 accession 0002019976-26-000004)
• Shares withheld/disposed: 2,873
• Price per share: $21.50
• Total value of shares withheld: $61,770
• Shares owned after transaction: Not specified in this Form 4
• Footnote: These shares were withheld by the issuer to satisfy tax withholding obligations related to RSU vesting (footnote F1)
• Transaction code meaning: F = payment of exercise price or tax liability (here, tax withholding)

Context

• This was a routine cashless withholding to cover taxes on vested restricted stock units, not a market sale; such withholdings are common and generally do not indicate insider buying/selling sentiment.
• For retail investors, purchases typically signal stronger insider conviction than withholding events; treat this as an administrative transaction tied to compensation.