Iradimed (IRMD) CEO sells 5,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Roger E. Susi, who serves as CEO, President, Chairman and is reported as a 10% owner of Iradimed Corp (IRMD), reported sales of company common stock on 10/06/2025 under a Rule 10b5-1 trading plan adopted 6/16/2025. The Form 4 shows a sale of 4,800 shares at a weighted average price of $71.70 and a separate sale of 200 shares at $72.27, for a total of 5,000 shares disposed. The filing also discloses substantial indirect holdings: 2,342,700 shares indirectly held via a trust and other related trusts holding large positions. The reporting person disclaims beneficial ownership of certain shares except for pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Insider sales under a 10b5-1 plan show routine liquidity while major indirect holdings remain large.
The sales were executed under a documented Rule 10b5-1 plan adopted on 6/16/2025, which provides an affirmative defense for planned trades when properly implemented. The filing reports a weighted average sale price of $71.70 for the larger block and $72.27 for the smaller block on 10/06/2025.
Because the reporting person retains substantial indirect positions (for example 2,342,700 shares by a trust), these disposals appear limited relative to overall family holdings; monitor future Form 4 filings and any amendments for changes in trading pace or plan termination within a near-term horizon of Q4 2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,800 | $71.70 | $344K |
| Sale | Common Stock | 200 | $72.27 | $14K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 16, 2025. This transaction was executed in multiple trades at prices ranging from $71.25 to $72.21. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.