Brent Moen - 25 Feb 2023 Form 4 Insider Report for TACTILE SYSTEMS TECHNOLOGY INC (TCMD)

Role
Chief Financial Officer
Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact
Issuer symbol
TCMD
Transactions as of
25 Feb 2023
Net transactions value
-$62,059
Form type
4
Filing time
28 Feb 2023, 19:35:09 UTC
Previous filing
09 Mar 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCMD Common Stock Award $0 +2,304 +4.4% $0.000000 54,203 25 Feb 2023 Direct F1
transaction TCMD Common Stock Sale $58,399 -3,801 -7% $15.36 50,402 27 Feb 2023 Direct F2, F3
transaction TCMD Common Stock Sale $3,660 -251 -0.5% $14.58 50,151 28 Feb 2023 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 25, 2021, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period of 2022. As determined on February 25, 2023, based on actual performance for 2022, the reporting person earned 2,304 PSUs. Of those earned PSUs, one-third, or 768 PSUs, vested on February 25, 2023, and the remaining two-thirds, or 1,536 PSUs, are scheduled to vest on February 25, 2024.
F2 Consists of shares sold to cover taxes associated with the settlement of stock units.
F3 Reflects the weighted average price of 3,801 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 27, 2023 with sale prices ranging from $15.345 to $15.375 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F4 Reflects the weighted average price of 251 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 28, 2023 with sale prices ranging from $14.5813 to $14.585 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.