Waleed H. Hassanein - 01 May 2024 Form 4 Insider Report for TransMedics Group, Inc. (TMDX)

Role
President & CEO, Director
Signature
By: /s/ Stephen Gordon, Attorney-in-Fact
Issuer symbol
TMDX
Transactions as of
01 May 2024
Net transactions value
-$7,242,539
Form type
4
Filing time
03 May 2024, 16:30:47 UTC
Previous filing
18 Apr 2024
Next filing
08 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMDX Common Stock Options Exercise $743,680 +56,000 +76% $13.28 130,087 01 May 2024 Direct F1
transaction TMDX Common Stock Sale $283,429 -2,685 -2.1% $105.56 127,402 01 May 2024 Direct F1, F2
transaction TMDX Common Stock Sale $9,692 -91 -0.07% $106.51 127,311 01 May 2024 Direct F1
transaction TMDX Common Stock Sale $45,610 -424 -0.33% $107.57 126,887 01 May 2024 Direct F1, F3
transaction TMDX Common Stock Sale $748,000 -6,800 -5.4% $110.00 120,087 01 May 2024 Direct F1
transaction TMDX Common Stock Sale $2,682,995 -23,500 -20% $114.17 96,587 01 May 2024 Direct F1, F4
transaction TMDX Common Stock Sale $2,705,625 -22,500 -23% $120.25 74,087 01 May 2024 Direct F1, F5
transaction TMDX Common Stock Sale $740,730 -6,140 -8.3% $120.64 67,947 02 May 2024 Direct F6
transaction TMDX Common Stock Sale $760,080 -6,222 -9.2% $122.16 61,725 02 May 2024 Direct F7
transaction TMDX Common Stock Sale $10,059 -82 -0.13% $122.67 61,643 02 May 2024 Direct
holding TMDX Common Stock 469,359 01 May 2024 By the Waleed H. Hassanein Revocable Trust

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 TMDX Stock Option (Right to Buy) Options Exercise $0 -56,000 -24% $0.000000 178,000 01 May 2024 Common Stock 56,000 $13.28 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transactions were effected pursuant to a Rule 10b5-1 trading plan entered into on September 6, 2023.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $105.50 to $106.17, 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.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $107.56 to $107.66, 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.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $114.00 to $114.41, 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.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $120.00 to $120.74, 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.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $120.22 to $120.995, 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.
F7 The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $121.66 to $122.51, 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.
F8 The option vests at a rate of 2.0833% of the total number of shares each month until the option is fully vested on February 22, 2026.