Company: TCMD
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001558370-25-003924
Chunk: 61

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 61
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2025 Plan is not approved by stockholders at the Annual Meeting. As of March 13, 2025, there were 23,665,798 shares of our common stock issued and outstanding. The closing sale price of a share of our common stock on Nasdaq on that date was $13.07. The following table summarizes information regarding awards outstanding and shares remaining available for grant under the 2016 Plan as of March 13, 2025:

| Stock Options Outstanding                                    |     |    380,727 |
| Weighted Average Exercise Price of Stock Options Outstanding |     |     $40.69 |
| Weighted Average Remaining Term of Stock Options Outstanding |     | 2.65 years |
| Full Value Awards Outstanding                                |     |  1,167,221 |
| Restricted Stock Units                                       |     |    840,640 |
| Performance Stock Units                                      |     |    326,581 |
| Shares Available for Grant under the 2016 Plan(1)            |     |  5,936,122 |

(1) The Board of Directors determined to forego the automatic share reserve increase under the 2016 Plan for 2025. No new awards will be granted under the 2016 Plan after March 13, 2025, unless stockholders do not approve the 2025 Plan.

| ​                    |  ​ |
| 2025 Proxy Statement | 65 |

Our fully diluted overhang rate measures the total number of shares under all outstanding plan awards plus the number of shares authorized for future plan awards, as a percentage of the fully diluted number of shares of common stock outstanding. It measures the potential dilutive effect of outstanding equity awards and future awards available for grant. If the 2025 Plan is approved by our stockholders, our fully diluted overhang rate would be as follows:

| (a) Share reserve in 2025 Plan subject to stockholder approval |     |  1,850,000 |
| (b) Shares underlying awards outstanding under the 2016 Plan   |     |  1,547,948 |
| (c) Total shares, underlying or available for awards (a+b)     |     |  3,397,948 |
| (d) Total shares of common stock outstanding                   |     | 23,665,798 |
| (e) Fully diluted overhang (c/(c+d))                           |     |      12.6% |

Burn rate, or run rate