iRhythm (IRTC) Amends Form 3; CTO Reports Zero Beneficial Ownership

Rhea-AI Filing Summary

Form 3/A overview: iRhythm Technologies, Inc. (IRTC) filed an amended Form 3 for newly appointed Chief Technology Officer Brian Lee Lawrence. The amendment, dated 06/27/2025, corrects the original 04/21/2025 filing by attaching the Power of Attorney that was previously omitted.

Key points for investors:

• No securities owned: The report states that Mr. Lawrence currently holds zero shares or derivative securities of IRTC.
• Administrative nature: No changes to capital structure, operations, or financial outlook are disclosed; the sole purpose is to provide the missing document.
• Insider alignment: The absence of ownership may indicate limited immediate equity alignment between the CTO and shareholders, although incentive grants can follow after employment begins.

This filing is largely procedural and does not contain material financial information or signal any strategic shift for iRhythm.

Positive

• None.

Negative

• CTO reports zero share ownership, suggesting limited immediate equity alignment between new executive and shareholders until future grants are disclosed.

Insights

Corporate Governance Expert

TL;DR – Routine amendment; no stock owned, minimal investor impact.

The 3/A simply appends a missing Power of Attorney to Mr. Lawrence’s initial Form 3. Because the filing confirms he owns no common or derivative securities, there is no dilution, insider buying, or selling to evaluate. From a governance perspective, attaching the PoA fulfills SEC Rule 16a compliance and removes potential filing deficiencies. Investors should view this as clerical; it neither enhances nor detracts from the company’s outlook. Lack of insider ownership may raise questions about executive incentive alignment, but such grants often occur after onboarding and would appear in future Forms 4.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Lawrence Brian Lee

(Last) (First) (Middle)

C/O IRHYTHM TECHNOLOGIES, INC.

699 8TH ST #600

(Street)

SAN FRANCISCO CA 94103

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/15/2025

3. Issuer Name and Ticker or Trading Symbol
iRhythm Technologies, Inc. [ IRTC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)
04/21/2025

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 Power of Attorney; This amendment is being filed to attach the Power of Attorney that was not included in the original Form 3 filed on April 21, 2025.

No securities are beneficially owned.

	/s/ Marc Rosenbaum, attorney-in-fact	06/27/2025
	** 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 5 (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).
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FAQ

Why did iRhythm Technologies (IRTC) file a Form 3/A on 06/27/2025?

The amendment attaches the Power of Attorney that was omitted from the original Form 3 filed on 04/21/2025.

Does the new CTO, Brian Lee Lawrence, own any IRTC shares?

No. The filing explicitly states that no securities are beneficially owned by Mr. Lawrence.

Is there any impact on iRhythm’s share count or dilution from this filing?

No. The Form 3/A is purely administrative and discloses zero securities owned, causing no dilution.

Will future insider transactions by the CTO appear in SEC filings?

Yes. Any subsequent grants, purchases or sales will be reported on Form 4 within two business days of the transaction.

Does the amendment signal any strategic change at iRhythm Technologies?

No. The document contains no operational or financial updates; it only corrects a prior filing omission.