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TACTILE SYSTEMS TECHNOLOGY INC — Director's Dealing 2025
Feb 24, 2025
33313_dirs_2025-02-24_bf46273b-9a06-46c4-80ad-c9ed46b78469.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TACTILE SYSTEMS TECHNOLOGY INC (TCMD)
CIK: 0001027838
Period of Report: 2025-02-20
Reporting Person: Burns Kristie (Sr. VP Mktg & Clinical Affairs)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-20 | Common Stock | A | 3359 | — | Acquired | 68128 | Direct |
| 2025-02-20 | Common Stock | A | 4131 | — | Acquired | 72259 | Direct |
| 2025-02-20 | Common Stock | A | 16579 | — | Acquired | 88838 | Direct |
| 2025-02-24 | Common Stock | S | 4830 | $14.6486 | Disposed | 84008 | Direct |
Footnotes
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.