Waleed H. Hassanein - 14 Jun 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
14 Jun 2024
Net transactions value
-$1,108,933
Form type
4
Filing time
17 Jun 2024, 16:30:06 UTC
Previous filing
17 May 2024
Next filing
17 Jul 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 $114,540 +8,625 +14% $13.28 70,268 14 Jun 2024 Direct F1
transaction TMDX Common Stock Sale $226,638 -1,614 -2.3% $140.42 68,654 14 Jun 2024 Direct F1, F2
transaction TMDX Common Stock Sale $543,254 -3,836 -5.6% $141.62 64,818 14 Jun 2024 Direct F1, F3
transaction TMDX Common Stock Sale $381,669 -2,675 -4.1% $142.68 62,143 14 Jun 2024 Direct F1, F4
transaction TMDX Common Stock Sale $57,460 -400 -0.64% $143.65 61,743 14 Jun 2024 Direct F1, F5
transaction TMDX Common Stock Sale $14,452 -100 -0.16% $144.52 61,643 14 Jun 2024 Direct F1, F6
holding TMDX Common Stock 469,359 14 Jun 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 -8,625 -6.2% $0.000000 130,750 14 Jun 2024 Common Stock 8,625 $13.28 Direct F1, F7
* 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 $139.92 to $140.81, 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 $141.10 to $142.07, 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 $142.12 to $143.10, 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 $143.30 to $144.06, 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 $144.51 to $144.52, 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 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.