iRhythm (NASDAQ: IRTC) EVP nets shares after RSU vesting, tax sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings, Inc. executive vice president Mervin Smith reported performance-based equity vesting and related tax sales of company stock. He acquired 9,210 shares of common stock on February 24, 2026 at $0.00 per share from performance RSUs after a board committee determined the performance conditions were met.
On February 25, 2026, he sold 4,041 shares of common stock at an average price of $135.4189 per share to cover tax withholding and remittance obligations tied to the RSU vesting. After these transactions, he directly owned 20,275 shares of iRhythm common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,041 shares ($547,228)
Net Sell
2 txns
Insider
Smith Mervin
Role
EVP Strategic Business Ops
Sold
4,041 shs ($547K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,041 | $135.4189 | $547K |
| Grant/Award | Common Stock | 9,210 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,275 shares (Direct)
Footnotes (1)
- Represents the acquisition of shares upon the determination of the Compensation & Human Capital Management Committee of the Board of Directors of the Issuer that the performance conditions were met with respect to performance Restricted Stock Units ("RSUs") granted to the Reporting Person on August 11, 2023. These shares were sold to cover tax withholding and remittance obligations in connection with the vesting of performance RSUs.
FAQ
What insider transactions did iRhythm (IRTC) EVP Mervin Smith report on this Form 4?
Mervin Smith reported vesting of performance RSUs and a related tax sale. He acquired 9,210 shares from performance RSUs, then sold 4,041 shares of iRhythm common stock to satisfy tax withholding obligations from that vesting event.
Were Mervin Smith’s iRhythm (IRTC) stock sales discretionary open-market sales?
The Form 4 describes the transaction with code S, but a footnote states the 4,041 shares were sold solely to cover tax withholding and remittance obligations from vesting performance RSUs, indicating a tax-related sale rather than a purely discretionary open-market liquidation.
What role does Mervin Smith hold at iRhythm (IRTC) in this Form 4 filing?
In this Form 4, Mervin Smith is identified as an officer of iRhythm Holdings, Inc. with the title EVP Strategic Business Ops. The reported transactions involve his directly held shares of iRhythm common stock, as disclosed in the ownership fields.