Scott Hutton - 08 Feb 2024 Form 4 Insider Report for BIODESIX INC (BDSX)

Signature
/s/ Robin H. Cowie as Attorney-in-Fact for Scott Hutton
Issuer symbol
BDSX
Transactions as of
08 Feb 2024
Net transactions value
-$115,926
Form type
4
Filing time
12 Feb 2024, 21:45:09 UTC
Previous filing
13 Nov 2023
Next filing
29 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BDSX Common Stock Options Exercise +199,973 +61% 529,401 08 Feb 2024 Direct F1
transaction BDSX Common Stock Sale $66,472 -34,682 -6.6% $1.92 494,719 09 Feb 2024 Direct F2, F3
transaction BDSX Common Stock Sale $49,455 -29,708 -6% $1.66 465,011 12 Feb 2024 Direct F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BDSX Restricted Stock Units Award $0 +210,625 $0.000000 210,625 08 Feb 2024 Common Stock 210,625 Direct F1, F5
transaction BDSX Stock Options (Right to buy) Award $0 +421,250 $0.000000 421,250 08 Feb 2024 Common Stock 421,250 $1.99 Direct F6
transaction BDSX Restricted Stock Units Options Exercise $0 -12,212 -11% $0.000000 97,696 08 Feb 2024 Common Stock 12,212 Direct F1, F7
transaction BDSX Restricted Stock Units Options Exercise $0 -187,761 -25% $0.000000 563,281 08 Feb 2024 Common Stock 187,761 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (the "RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F2 These shares of the Issuer's Common Stock were sold automatically to cover taxes upon the vesting of RSUs.
F3 The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer, including the Reporting Person. These shares were sold in multiple transactions at prices ranging from $1.8191 to $2.03, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer, including the Reporting Person. These shares were sold in multiple transactions at prices ranging from $1.55 to $1.83, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 These RSUs vest in a series of four successive equal annual installments measured from January 15, 2024, generally subject to the Reporting Person's continued service with the Issuer, and have no expiration date.
F6 This option vests in a series of forty-eight successive equal monthly installments measured from January 15, 2024, generally subject to the Reporting Person's continuous service through each applicable vesting date.
F7 These RSUs vest in a series of sixteen successive quarterly installments measured from February 8, 2022, generally subject to the Reporting Person's continued service with the Issuer, and have no expiration date.
F8 These RSUs vest in a series of four successive equal annual installments measured from February 8, 2023, generally subject to the Reporting Person's continued service with the Issuer, and have no expiration date.