iRhythm (NASDAQ: IRTC) CTO sells 1,014 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings, Inc. Chief Technology Officer Lawrence Brian Lee reported a small share disposition linked to equity compensation. On this Form 4, he sold 1,014 shares of common stock at $120.80 per share, and held 20,154 shares afterward.
According to the footnote, these shares were sold specifically to cover tax withholding and remittance obligations arising from the vesting of Restricted Stock Units (RSUs), indicating a routine, compensation-related transaction rather than a discretionary open-market sale for portfolio reasons.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,014 shares ($122,491)
Net Sell
1 txn
Insider
Lawrence Brian Lee
Role
Chief Technology Officer
Sold
1,014 shs ($122K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,014 | $120.80 | $122K |
Holdings After Transaction:
Common Stock — 20,154 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,014 shares
Sale price: $120.80 per share
Shares held after sale: 20,154 shares
3 metrics
Shares sold
1,014 shares
Common Stock sold on May 4, 2026
Sale price
$120.80 per share
Average price for the reported transaction
Shares held after sale
20,154 shares
Direct ownership following the transaction
Key Terms
Restricted Stock Units (RSUs), tax withholding, open-market sale
3 terms
Restricted Stock Units (RSUs) financial
"in connection with the vesting of Restricted Stock Units (RSUs)"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax withholding financial
"sold to cover tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did iRhythm Holdings (IRTC) disclose for Lawrence Brian Lee?
iRhythm Holdings disclosed that Chief Technology Officer Lawrence Brian Lee sold 1,014 shares of common stock at $120.80 per share. The filing notes this sale was made to satisfy tax withholding and remittance obligations related to the vesting of Restricted Stock Units (RSUs).
Was the iRhythm Holdings (IRTC) CTO sale a discretionary open-market trade?
The Form 4 uses a sale code, but the footnote explains the 1,014 shares were sold to cover tax withholding and remittance obligations from RSU vesting. This indicates a routine, compensation-driven transaction rather than a discretionary open-market sale motivated by portfolio or valuation views.
How does the Form 4 describe the purpose of the iRhythm Holdings (IRTC) stock sale?
The Form 4 footnote states the shares were sold to cover tax withholding and remittance obligations related to vesting RSUs. This language frames the sale as a mechanical, compensation-related event necessary for tax compliance, not as an independent investment or trading decision.