Insider Trading January 26, 2026

Biodesix Emeritus Director Increases Stake with $903,560 Purchase; Company Reports Strong Preliminary 2025 Revenue

Jack W. Schuler adds 82,465 shares to family trusts as Biodesix posts Q4 and full-year revenue ahead of guidance

By Jordan Park BDSX
Biodesix Emeritus Director Increases Stake with $903,560 Purchase; Company Reports Strong Preliminary 2025 Revenue
BDSX

Emeritus director and 10% owner Jack W. Schuler purchased 82,465 shares of Biodesix on January 22, 2026, paying $903,560 in aggregate. The purchase raises the holdings of the Jack W. Schuler Living Trust to 1,463,210 shares. Separately, Biodesix disclosed preliminary fourth-quarter and full-year 2025 revenue that exceeded its guidance, while prior-quarter results showed an EPS shortfall despite revenue beats.

Key Points

  • Emeritus director Jack W. Schuler bought 82,465 Biodesix shares on January 22, 2026 for $903,560, increasing the Jack W. Schuler Living Trust stake to 1,463,210 shares.
  • Biodesix reported preliminary Q4 2025 revenue of $28.8 million, up 41% year-over-year, and a preliminary full-year 2025 revenue estimate of $88.5 million, exceeding prior guidance of $84-$86 million.
  • Third-quarter 2025 results included an EPS miss of -$1.16 versus an expected -$0.06, while revenue for that quarter was $21.8 million and exceeded expectations; Canaccord Genuity retained a Buy rating with a $20.00 price target.

Emeritus director and roughly ten percent owner Jack W. Schuler increased his stake in Biodesix Inc (NASDAQ:BDSX) by acquiring 82,465 shares of the company's common stock on January 22, 2026, according to a Form 4 filed with the Securities and Exchange Commission.

The purchase prices for the block ranged from $10.675 to $11.10 per share, resulting in a total disclosed transaction value of $903,560. The filing shows that after this acquisition the Jack W. Schuler Living Trust held 1,463,210 shares in total. Schuler is named as the sole trustee of that living trust.

The Form 4 also reported that the Jack W. Schuler 2025 GRAT holds 750,000 shares, with Schuler again identified as sole trustee.


Company financial update

In a separate disclosure, Biodesix released preliminary financial results for the fourth quarter and full year of 2025. The company reported fourth-quarter revenue of $28.8 million, a 41% increase compared with the same quarter a year earlier. Based on those preliminary figures, Biodesix estimates full-year 2025 revenue of $88.5 million, representing a 24% rise versus the prior year and exceeding the company’s previously raised guidance range of $84 million to $86 million.

Those top-line gains contrast with results reported for the third quarter of 2025, when Biodesix posted an earnings per share loss of $1.16, missing the consensus forecast of a $0.06 loss. Revenue in that third quarter was reported at $21.8 million, which exceeded expectations.

Following the third-quarter disclosure, Canaccord Genuity maintained a Buy rating on Biodesix, assigning a price target of $20.00. The firm highlighted improvements in test volumes and revenue, attributing some of the gains to stronger average selling prices and improved payer dynamics.


Interpretation and relevance

The insider purchase by a long-standing director and material shareholder comes alongside preliminary company results that show accelerating revenue growth and an upward revision to full-year revenue outcomes. The prior-quarter EPS shortfall remains a distinct data point for investors assessing near-term profitability versus revenue momentum.

Additional details on the Form 4 and the company’s final audited results were not included in the filings summarized here.

Risks

  • Earnings volatility - Biodesix reported a substantial EPS miss in Q3 2025, highlighting ongoing uncertainty in near-term profitability that could affect investor sentiment and valuation. (Impacts healthcare and biotech investment sectors)
  • Reliance on preliminary figures - The full-year 2025 revenue figure cited is preliminary and may be subject to revision once final audited results are released. (Impacts equity markets and biotech issuer reporting)
  • Concentration of insider holdings - Significant shares held in personal and trust structures by a single director concentrates ownership and could influence trading liquidity or governance dynamics. (Impacts corporate governance and small-cap biotech market)

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