iRhythm (NASDAQ: IRTC) CAO acquires ESPP shares, sells some for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings, Inc. Chief Accounting Officer Marc Wade Rosenbaum reported two recent transactions in the company’s common stock. He acquired 178 shares at $96.815 per share through the 2016 Employee Stock Purchase Plan for the purchase period from December 1, 2025 to May 31, 2026, in a transaction exempt from Section 16(b) under Rule 16b-3. He also sold 729 shares at an average price of $108.1893 per share to cover tax withholding and remittance obligations arising from the vesting of Restricted Stock Units. After these transactions, he directly holds 16,155 shares of iRhythm common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 729 shares ($78,870)
Net Sell
2 txns
Insider
Rosenbaum Marc Wade
Role
Chief Accounting Officer
Sold
729 shs ($79K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 729 | $108.1893 | $79K |
| Grant/Award | Common Stock | 178 | $96.815 | $17K |
Holdings After Transaction:
Common Stock — 16,155 shares (Direct, null)
Footnotes (1)
- Mr. Rosenbaum is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2016 Employee Stock Purchase Plan for the purchase period December 1, 2025 through May 31, 2026. This transaction is exempt from Section 16(b) under Rule 16b-3. 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: 729 shares
Sale price: $108.1893 per share
Shares acquired: 178 shares
+4 more
7 metrics
Shares sold
729 shares
Common Stock sold on June 2, 2026
Sale price
$108.1893 per share
Average price for 729 shares sold
Shares acquired
178 shares
Common Stock acquired May 29, 2026 via ESPP
Acquisition price
$96.815 per share
Price for ESPP acquisition of 178 shares
Post-transaction holdings
16,155 shares
Common Stock directly held after June 2, 2026 sale
ESPP purchase period start
December 1, 2025
Start of ESPP purchase period for acquired shares
ESPP purchase period end
May 31, 2026
End of ESPP purchase period for acquired shares
Key Terms
2016 Employee Stock Purchase Plan, Section 16(b), Rule 16b-3, Restricted Stock Units (RSUs)
4 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 for the purchase period"
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.
Restricted Stock Units (RSUs) financial
"These shares were sold to cover tax withholding and remittance obligations 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.
FAQ
What insider transactions did iRhythm (IRTC) Chief Accounting Officer Marc Rosenbaum report?
Marc Wade Rosenbaum reported two transactions in iRhythm common stock: an acquisition of 178 shares through the 2016 Employee Stock Purchase Plan and a sale of 729 shares to cover tax withholding tied to Restricted Stock Unit vesting, leaving him with 16,155 shares.