Daniel L. Reuvers - Feb 27, 2024 Form 4 Insider Report for TACTILE SYSTEMS TECHNOLOGY INC (TCMD)

Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact
Stock symbol
TCMD
Transactions as of
Feb 27, 2024
Transactions value $
-$94,437
Form type
4
Date filed
2/29/2024, 08:42 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCMD Common Stock Sale -$73.1K -4.69K -1.92% $15.60 239K Feb 27, 2024 Direct F1, F2
transaction TCMD Common Stock Sale -$21.3K -1.4K -0.58% $15.25 238K Feb 29, 2024 Direct F3, F4
* 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 Consists of shares sold to cover taxes associated with the settlement of stock units, which sales were pursuant to Rule 10b5-1 instructions on February 24, 2022.
F2 Adoption date of referenced 10b5-1(c) plan is: 02/24/2022.
F3 Consists of shares sold to cover taxes associated with the settlement of stock units, which sales were pursuant to Rule 10b5-1 instructions on February 25, 2021.
F4 Adoption date of referenced 10b5-1(c) plan is: 02-24-2022.