Form 4: Benjamin Kovler Purchases 1,000 Rythm Shares

Rhea-AI Filing Summary

Rythm, Inc. (RYM) Form 4 shows Benjamin Kovler, serving as Interim CEO and a director, purchased 1,000 shares of Rythm common stock on 09/25/2025 at $37.0843 per share. After the transaction he directly beneficially owns 19,000 shares and indirectly owns 420 shares through his daughter. The filing was signed by an attorney-in-fact on 09/29/2025.

Positive

• Insider purchase of 1,000 shares on 09/25/2025 at $37.0843 suggests management acquired stock
• Clear disclosure of direct (19,000) and indirect (420) beneficial ownership and reporting person roles (Interim CEO and director)

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase of 1,000 shares at $37.08 increases direct ownership to 19,000 shares; transaction is small relative to a public company.

The Form 4 documents a straightforward open-market purchase by Benjamin Kovler on 09/25/2025 for $37.0843 per share. Such purchases can signal management confidence, but the disclosed amounts (1,000 shares bought, 19,000 shares directly owned) are modest; they provide limited information on broader corporate outlook or valuation. No derivative transactions or dispositions are reported.

Corporate Governance Expert

TL;DR: Interim CEO and director reported a small open-market buy; filing complies with Section 16 reporting requirements.

The filing identifies Kovler as both a director and Interim CEO and reports direct and indirect holdings, including 420 shares held via his daughter. The Form 4 appears properly executed and signed by an attorney-in-fact. There are no amendments noted and no material governance events disclosed beyond the purchase.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kovler Benjamin

(Last) (First) (Middle)

2220 HICKS ROAD

SUITE 210

(Street)

ROLLING MEADOWS IL 60008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RYTHM, Inc. [ RYM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/25/2025		P		1,000	A	$37.0843	19,000	D
Common Stock								420	I	By daughter
Common Stock								420	I	By daughter

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Kathryn A. Lloyd, Attorney-in-Fact	09/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Benjamin Kovler report on the Form 4 for Rythm, Inc. (RYM)?

He reported an open-market purchase of 1,000 shares on 09/25/2025 at a price of $37.0843 per share.

How many shares does Benjamin Kovler beneficially own after the reported transaction?

Following the transaction he directly beneficially owns 19,000 shares and indirectly owns 420 shares through his daughter.

What roles does the reporting person hold at the company?

The Form 4 lists Benjamin Kovler as a Director and as Interim CEO of Rythm, Inc.

When was the Form 4 signed and who signed it?

The filing shows a signature by Kathryn A. Lloyd, Attorney-in-Fact dated 09/29/2025.

Were any derivative transactions or dispositions reported on this Form 4?

No derivative transactions or dispositions are reported; only a non-derivative acquisition of common stock is disclosed.