iRhythm (IRTC) chief medical officer sells 1,423 shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings, Inc. executive reports share sale tied to tax obligations. Chief Medical and Scientific Officer Minang Turakhia reported the sale of 1,423 shares of common stock on July 2, 2026 at an average price of $124.71 per share. A footnote explains these shares were sold to cover tax withholding and remittance obligations related to the vesting of Restricted Stock Units. After this transaction, Turakhia directly holds 53,620 shares of iRhythm common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,423 shares ($177,462)
Net Sell
1 txn
Insider
Turakhia Minang
Role
CHIEF MED/SCI OFCR EVP ADVTECH
Sold
1,423 shs ($177K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,423 | $124.71 | $177K |
Holdings After Transaction:
Common Stock — 53,620 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,423 shares
Sale price: $124.71 per share
Shares held after transaction: 53,620 shares
+1 more
4 metrics
Shares sold
1,423 shares
Common Stock sold on July 2, 2026
Sale price
$124.71 per share
Average price for the 1,423 shares sold
Shares held after transaction
53,620 shares
Direct ownership after July 2, 2026 sale
Transaction type
Open-market sale, tax-related
Sale to cover tax withholding on RSU vesting
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) report for Minang Turakhia?
iRhythm reported that executive Minang Turakhia sold 1,423 shares of common stock. The transaction occurred on July 2, 2026 at an average price of $124.71 per share and was linked to tax obligations on vesting RSUs.
Does the Form 4 indicate any derivative or option exercises for iRhythm (IRTC)?
The filing does not show any derivative transactions or option exercises. It reports only one non-derivative transaction involving common stock, connected to tax withholding on vested Restricted Stock Units, with no remaining derivative positions listed in the derivative summary.