Jack Phillips - 08 Mar 2023 Form 4 Insider Report for Accelerate Diagnostics, Inc (AXDX)

Signature
/s/ Steven Reichling, attorney-in-fact
Issuer symbol
AXDX
Transactions as of
08 Mar 2023
Net transactions value
-$73,148
Form type
4
Filing time
13 Mar 2023, 17:46:08 UTC
Previous filing
15 Feb 2023
Next filing
15 Mar 2023

Key filing fact

Jack Phillips filed Form 4 for Accelerate Diagnostics, Inc (AXDX) on 13 Mar 2023.

Key facts

  • This page summarizes Jack Phillips's Form 4 filing for Accelerate Diagnostics, Inc (AXDX).
  • 3 reported transactions and 1 derivative row are listed below.
  • Filing timestamp: 13 Mar 2023, 17:46.

Change

  • Previous filing in this sequence was filed on 15 Feb 2023.
  • Current net transaction value: -$73,148.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

AXDX transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+350,000
Change %
+130%
Price
$0.000000
Shares after
619,458
Date
08 Mar 2023
Ownership
Direct
Footnotes
F1
AXDX transaction

Common Stock

Sale

Transaction value
$73,148
Shares
-155,635
Change %
-25%
Price
$0.4700
Shares after
463,823
Date
08 Mar 2023
Ownership
Direct
Footnotes
F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

AXDX transaction Derivative

Employee Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-350,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
08 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
350,000
Exercise price
Footnotes
F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. On February 13, 2023 the reporting person was granted a total of 350,000 restricted stock units, which vested in full on March 8, 2023.
F2 The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
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