Kristie Burns - Feb 27, 2024 Form 4 Insider Report for TACTILE SYSTEMS TECHNOLOGY INC (TCMD)

Role
Sr. VP Mktg & Clinical Affairs
Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact
Stock symbol
TCMD
Transactions as of
Feb 27, 2024
Transactions value $
-$20,707
Form type
4
Date filed
2/29/2024, 08:43 PM
Previous filing
Feb 27, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCMD Common Stock Sale -$17K -1.09K -1.69% $15.58 63.6K Feb 27, 2024 Direct F1, F2, F3, F4
transaction TCMD Common Stock Sale -$3.71K -243 -0.38% $15.25 63.4K Feb 29, 2024 Direct F5, F6
* 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 a Rule 10b5-1 instructions on February 24, 2022.
F2 Adoption date of referenced 10b5-1(c) plan is: 02-24-2022.
F3 Reflects the weighted average price of 1,091 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 27, 2024 with sale prices ranging from $15.5707 to $15.615 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 Includes 1,211 shares acquired under the Company's employee stock purchase plan on November 15, 2023.
F5 Consists of shares sold to cover taxes associated with the settlement of stock units, which sales were pursuant to a Rule 10b5-1 instructions on February 25, 2021.
F6 Adoption date of referenced 10b5-1(c) plan is: 02-24-2022.