Kevin R. Sayer - Mar 12, 2024 Form 4 Insider Report for DEXCOM INC (DXCM)

Signature
By: /s/ Jereme M Sylvain For: Kevin R Sayer
Stock symbol
DXCM
Transactions as of
Mar 12, 2024
Transactions value $
-$10,802,803
Form type
4
Date filed
3/14/2024, 05:40 PM
Previous filing
Mar 11, 2024
Next filing
Apr 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DXCM Common Stock Sale -$3.99M -29.7K -7.16% $134.41 385K Mar 12, 2024 Direct F1, F2
transaction DXCM Common Stock Sale -$1.64M -12.5K -3.24% $131.47 372K Mar 12, 2024 Direct F2, F3, F4
transaction DXCM Common Stock Sale -$1.99M -15K -4.03% $132.43 357K Mar 12, 2024 Direct F2, F3, F5
transaction DXCM Common Stock Sale -$2.8M -20.9K -5.86% $133.55 336K Mar 12, 2024 Direct F2, F3, F6
transaction DXCM Common Stock Sale -$394K -2.94K -0.87% $134.07 334K Mar 12, 2024 Direct F2, F3, 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 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2 Included in this number are 109,641 unvested restricted stock units, 51,692 of which were granted on March 8, 2024 and shall vest through March 8, 2027, 36,281 of which were granted on March 9, 2023 and shall vest through March 8, 2026, 21,668 of which were granted on March 8, 2022 and shall vest through March 8, 2025.
F3 On December 12, 2023, Mr. Sayer adopted a 10b5-1 Plan. This 10b5-1 Plan allows the orderly disposition of shares owned by Mr. Sayer. The shares set forth above were sold pursuant to the 10b5-1 Plan.
F4 This transaction was executed in multiple trades at prices ranging from $130.89 to $131.84. The price above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F5 This transaction was executed in multiple trades at prices ranging from $131.90 to $132.88. The price above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F6 This transaction was executed in multiple trades at prices ranging from $133.00 to $133.99. The price above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F7 This transaction was executed in multiple trades at prices ranging from $134.05 to $134.12. The price above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.