iRhythm Holdings (IRTC) executive adds 137 ESPP shares, holds 55,043
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings, Inc. executive Minang Turakhia reported acquiring 137 shares of common stock, bringing his direct holdings to 55,043 shares. The shares were acquired through the company’s 2016 Employee Stock Purchase Plan for the purchase period from December 1, 2025 through May 31, 2026 and are reported as an exempt award transaction under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turakhia Minang
Role
CHIEF MED/SCI OFCR EVP ADVTECH
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 137 | $96.815 | $13K |
Holdings After Transaction:
Common Stock — 55,043 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 137 shares
Reported price per share: $96.815 per share
Shares held after transaction: 55,043 shares
+2 more
5 metrics
Shares acquired
137 shares
Common stock acquired on 2026-05-29
Reported price per share
$96.815 per share
Price used for ESPP acquisition reporting
Shares held after transaction
55,043 shares
Direct holdings following ESPP acquisition
Purchase period start
December 1, 2025
Start of ESPP purchase period
Purchase period end
May 31, 2026
End of ESPP purchase period
Key Terms
Employee Stock Purchase Plan, Section 16(b), Rule 16b-3, Grant, award, or other acquisition
4 terms
Employee Stock Purchase Plan financial
"acquisition of shares ... pursuant to the Issuer's 2016 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Section 16(b) regulatory
"This transaction is exempt from Section 16(b) under Rule 16b-3."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3 regulatory
"This transaction is exempt from Section 16(b) under Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did iRhythm Holdings (IRTC) report for Minang Turakhia?
iRhythm Holdings reported that executive Minang Turakhia acquired 137 shares of common stock. The acquisition came through the company’s 2016 Employee Stock Purchase Plan and was reported as an exempt award-type transaction rather than an open-market purchase.
Why is Minang Turakhia’s iRhythm Holdings (IRTC) transaction described as exempt under Rule 16b-3?
The filing states that the employee stock purchase plan acquisition is exempt from Section 16(b) under Rule 16b-3. That rule generally provides exemptions for certain issuer-approved, compensation-related transactions by insiders, including plan-based stock purchases and awards.