Company: TCMD
Filing Date: 2025-05-09
Form Type: 8-K
Source: 0001104659-25-046813
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Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-05-09
Form: 8-K
Item: Item 5.02
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Item 5.02.      Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers;  

As reported below in Item
5.07, on May 7, 2025, the stockholders of Tactile Systems Technology, Inc. (the “ Company”) approved the Tactile
Systems Technology, Inc. 2025 Equity Incentive Plan (the “2025 Plan”). The 2025 Plan was approved by the Company's Board
of Directors (the "Board") on March 25, 2025, subject to stockholder approval, and became effective with such stockholder
approval on May 7, 2025.

The 2025 Plan provides for
the issuance of up to 1,850,000 shares of the Company's common stock, par value $0.001 per share (the “ Common Stock”).
Any shares of Common Stock subject to an award under the 2025 Plan, or to an award under the Company’s 2016 Equity Incentive Plan
(the “2016 Plan”) that was outstanding on May 7, 2025, that expires, is forfeited or cancelled, is settled for cash or
otherwise does not result in the issuance of all of the shares subject to such award will, to the extent of such cancellation, forfeiture,
expiration, cash settlement or non-issuance, become available for future awards under the 2025 Plan. Following the stockholders' approval
of the 2025 Plan, no further awards will be granted under the 2016 Plan.

Awards under the 2025 Plan
may be granted to employees, consultants and advisors of the Company, as well as to the non-employee directors of the Company. Awards
under the 2025 Plan can be granted in the form of stock options, stock appreciation rights, restricted stock, restricted stock units and
other stock-based awards. The 2025 Plan will be administered by the Compensation and Organization Committee of the Company's Board.

A description of the 2025
Plan was included in the Company’s proxy statement for its annual meeting of stockholders filed with the Securities and Exchange
Commission on March 28, 2025. A copy of the 2025 Plan, the Form of Restricted Stock Unit Award Agreement (Executives) for use
under the 2025 Plan, the Form of Restricted Stock Unit Award Agreement (Non-Employee Directors) for use under the 2025 Plan and the