iRhythm (IRTC) EVP adds shares through 2016 Employee Stock Purchase Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings EVP Sean Clinton Freeman acquired additional company stock through a compensation plan. He received 273 shares of common stock on May 29, 2026 at $96.815 per share, increasing his direct holdings to 14,559 shares. The footnote explains this was a voluntary report of shares acquired under iRhythm’s 2016 Employee Stock Purchase Plan for the purchase period from December 1, 2025 through May 31, 2026, and notes the transaction is exempt from Section 16(b) under Rule 16b-3, indicating it is a routine, plan-based acquisition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Freeman Sean Clinton
Role
EVP, Strategy & Corp Devt
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 273 | $96.815 | $26K |
Holdings After Transaction:
Common Stock — 14,559 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 273 shares
Transaction price: $96.815 per share
Post-transaction holdings: 14,559 shares
+2 more
5 metrics
Shares acquired
273 shares
Common stock acquired on May 29, 2026
Transaction price
$96.815 per share
Price for ESPP acquisition
Post-transaction holdings
14,559 shares
Direct common stock held after acquisition
Purchase period start
December 1, 2025
ESPP purchase period referenced in footnote
Purchase period end
May 31, 2026
ESPP purchase period referenced in footnote
Key Terms
2016 Employee Stock Purchase Plan, Section 16(b), Rule 16b-3
3 terms
2016 Employee Stock Purchase Plan financial
"acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2016 Employee Stock Purchase Plan"
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.
FAQ
What insider transaction did iRhythm Holdings (IRTC) report for Sean Clinton Freeman?
Sean Clinton Freeman acquired 273 shares of iRhythm common stock. The shares were received as part of the company’s 2016 Employee Stock Purchase Plan, reflecting routine compensation-related ownership rather than an open-market trade.
Is Sean Clinton Freeman’s latest iRhythm (IRTC) stock transaction considered an open-market purchase?
No, it is not an open-market purchase. The Form 4 footnote states the acquisition was through the 2016 Employee Stock Purchase Plan and is exempt from Section 16(b) under Rule 16b-3.