Daniel L. Reuvers - Feb 25, 2023 Form 4 Insider Report for TACTILE SYSTEMS TECHNOLOGY INC (TCMD)

Role
President and CEO, Director
Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact
Stock symbol
TCMD
Transactions as of
Feb 25, 2023
Transactions value $
-$107,722
Form type
4
Date filed
2/28/2023, 07:36 PM
Previous filing
Feb 24, 2023
Next filing
Aug 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCMD Common Stock Award $0 +6.48K +5.09% $0.00 134K Feb 25, 2023 Direct F1
transaction TCMD Common Stock Sale -$97.5K -6.39K -4.77% $15.27 127K Feb 27, 2023 Direct F2, F3
transaction TCMD Common Stock Sale -$10.2K -700 -0.55% $14.56 127K Feb 28, 2023 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 25, 2021, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period of 2022. As determined on February 25, 2023, based on actual performance for 2022, the reporting person earned 6,482 PSUs. Of those earned PSUs, one-third, or 2,161 PSUs, vested on February 25, 2023, and the remaining two-thirds, or 4,321 PSUs, are scheduled to vest on February 25, 2024.
F2 Consists of shares sold to cover taxes associated with the settlement of stock units.
F3 Reflects the weighted average price of 6,387 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 27, 2023 with sale prices ranging from $15.00 to $15.35 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 Reflects the weighted average price of 700 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 28, 2023 with sale prices ranging from $14.55 to $14.56 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.