Novack Jeffrey Adam 4
Research Summary
AI-generated summary
CareDx (CDNA) General Counsel Jeffrey Novack Withholds 997 Shares
What Happened
- Jeffrey Adam Novack, Secretary and General Counsel of CareDx, had 997 shares withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were withheld at an effective per-share value of $29.25, totaling $29,162, on July 1, 2026. This is a routine tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: July 1, 2026 — 997 shares withheld at $29.25 per share (total ~$29,162).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: The shares were withheld by the issuer to satisfy tax withholding obligations upon RSU vesting (F1).
- Filing date/timeliness: Form 4 filed July 2, 2026 — appears timely relative to the July 1 transaction.
Context
- This was a tax-withholding/cashless withholding transaction tied to RSU vesting, common in executive equity compensation; it does not indicate a directional buy/sell decision by the insider.
- Transaction code F denotes shares withheld to cover tax obligations rather than an open-market sale (S) or purchase (P).