Eric Pauls - May 8, 2023 Form 4 Insider Report for TACTILE SYSTEMS TECHNOLOGY INC (TCMD)

Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact
Stock symbol
TCMD
Transactions as of
May 8, 2023
Transactions value $
-$10,200
Form type
4
Date filed
5/10/2023, 04:17 PM
Previous filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCMD Common Stock Sale -$10.2K -550 -1.83% $18.55 29.5K May 8, 2023 Direct F1, F2
* 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 Adoption date of referenced 10b5-1(c) plan is: 06-15-2021.
F2 The shares were sold to cover taxes associated with the settlement of stock units.