SCOTT SCHLACKMAN - 08 Mar 2024 Form 4 Insider Report for MEDIFAST INC (MED)

Role
Director
Signature
/s/ Jason L. Groves, attorney-in-fact
Issuer symbol
MED
Transactions as of
08 Mar 2024
Net transactions value
-$123,882
Form type
4
Filing time
12 Mar 2024, 17:18:26 UTC
Previous filing
09 Nov 2023
Next filing
24 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MED Common Stock Options Exercise $35,984 +1,300 +12% $27.68 11,838 08 Mar 2024 Direct
transaction MED Common Stock Sale $51,233 -1,300 -11% $39.41 10,538 08 Mar 2024 Direct
transaction MED Common Stock Sale $108,633 -2,753 -26% $39.46 7,785 08 Mar 2024 Direct F1

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MED Stock Option (Right to Buy) Options Exercise $0 -1,300 -100% $0.000000* 0 08 Mar 2024 Common Stock 1,300 $27.68 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is an average price. These shares were acquired in multiple transactions at prices ranging from $39.38 to $39.48, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the ranges set forth in this footnote.
F2 The reporting person received 5,000 stock options on February 4, 2016 pursuant to the Medifast, Inc. Amended and Restated 2012 Share Incentive Plan. These options vested in three equal annual installments beginning on February 4, 2017.