Elaine M. Birkemeyer - Feb 20, 2025 Form 4 Insider Report for TACTILE SYSTEMS TECHNOLOGY INC (TCMD)

Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact
Stock symbol
TCMD
Transactions as of
Feb 20, 2025
Transactions value $
-$55,538
Form type
4
Date filed
2/24/2025, 06:22 PM
Previous filing
May 20, 2024
Next filing
Feb 27, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCMD Common Stock Award $0 +3.45K +5.62% $0.00 64.7K Feb 20, 2025 Direct F1
transaction TCMD Common Stock Award $0 +6.89K +10.64% $0.00 71.6K Feb 20, 2025 Direct F2
transaction TCMD Common Stock Award $0 +36.2K +50.61% $0.00 108K Feb 20, 2025 Direct F3
transaction TCMD Common Stock Sale -$55.5K -3.78K -3.5% $14.70 104K Feb 24, 2025 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 3,446 PSUs. Those earned PSUs vested on February 20, 2025.
F2 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 6,887 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.
F3 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.
F4 Adoption date of referenced 10b5-1(c) plan is: 06-10-2024
F5 Consists of shares sold to cover taxes associated with the settlement of stock units.
F6 Reflects the weighted average price of 3,778 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 $14.70 to $14.715 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.