Kristie Burns - 20 Feb 2025 Form 4 Insider Report for TACTILE SYSTEMS TECHNOLOGY INC (TCMD)

Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact
Issuer symbol
TCMD
Transactions as of
20 Feb 2025
Net transactions value
-$70,753
Form type
4
Filing time
24 Feb 2025, 18:23:21 UTC
Previous filing
08 May 2024
Next filing
27 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCMD Common Stock Award $0 +3,359 +5.2% $0.000000 68,128 20 Feb 2025 Direct F1, F2
transaction TCMD Common Stock Award $0 +4,131 +6.1% $0.000000 72,259 20 Feb 2025 Direct F3
transaction TCMD Common Stock Award $0 +16,579 +23% $0.000000 88,838 20 Feb 2025 Direct F4
transaction TCMD Common Stock Sale $70,753 -4,830 -5.4% $14.65 84,008 24 Feb 2025 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2023, the reporting person was granted performance stock units ("PSUs"), with one-third of such PSUs to be earned based on the extent to which certain performance conditions were met for a performance period of 2024. As determined on February 20, 2025, based on actual performance for 2024, the reporting person earned 3,359 PSUs. Those earned PSUs vested on February 20, 2025.
F2 Includes 2,195 shares acquired on May 15, 2024 pursuant to the issuer's employee stock purchase plan.
F3 On February 21, 2024, the reporting person was granted PSUs, with one-third of such PSUs to be earned based on the extent to which certain performance conditions were met for a performance period of 2024. As determined on February 20, 2025, based on actual performance for 2024, the reporting person earned 4,131 PSUs. Those PSUs are scheduled to vest on the date in 2026 that the Compensation and Organization Committee determines the number of PSUs earned with respect to the 2025 performance year.
F4 Represents restricted stock units ("RSUs") that vest as follows: one-third of the RSUs vest on each of the first three anniversaries of the grant date.
F5 Consists of shares sold to cover taxes associated with the settlement of stock units.
F6 Reflects the weighted average price of 4,830 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 24, 2025 with sale prices ranging from $14.4301 to $14.82 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.