iRhythm Holdings (IRTC) officer sells shares to cover RSU tax bill
Rhea-AI Filing Summary
iRhythm Holdings, Inc. reported that Chief Communications and Product Officer Chad Patterson sold 2,712 shares of common stock on 2026-08-03 at an average price of $122.1209 per share. The shares were sold to cover tax withholding and remittance obligations related to vesting Restricted Stock Units, and Patterson now directly holds 55,629 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,712 shares
Net Sell
1 txn
Insider
Patterson Chad
Role
CHIEF COMM & PRODUCT OFFICER
Sold
2,712 shs ($331K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 2,712 | $122.1209 | $331K |
Holdings After Transaction:
Common Stock — 55,629 shares (Direct)
Footnotes (1)
- F1. These shares were sold to cover tax withholding and remittance obligations in connection with the vesting of Restricted Stock Units (RSUs).
Key Figures
Shares sold: 2,712 shares
Sale price per share: $122.1209 per share
Shares held after transaction: 55,629 shares
+1 more
4 metrics
Shares sold
2,712 shares
Common Stock sold on 2026-08-03
Sale price per share
$122.1209 per share
Average price for 2,712 shares sold to cover taxes
Shares held after transaction
55,629 shares
Direct ownership by Chad Patterson following the sale
Net shares sold
2,712 shares
Net-sell direction across all reported transactions in this filing
Key Terms
Restricted Stock Units (RSUs), tax withholding, Rule 10b5-1 trading plan, Sale in open market or private transaction
4 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 in connection"
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.
Rule 10b5-1 trading plan regulatory
"not reported as being made under a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Sale in open market or private transaction financial
"transaction code description indicates a Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did iRhythm Holdings (IRTC) disclose?
iRhythm Holdings disclosed that Chief Communications and Product Officer Chad Patterson sold 2,712 shares of common stock on 2026-08-03 at an average price of $122.1209 per share, classified as a sale in an open market or private transaction.
What was the sale price in Chad Patterson’s iRhythm (IRTC) transaction?
The 2,712 iRhythm Holdings shares sold by Chad Patterson were transacted at an average price of $122.1209 per share. This price applies on a per-share basis to the common stock sold to fund tax withholding related to the RSU vesting.