iRhythm (IRTC) CEO Blackford adds 178 shares via 2016 ESPP plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings, Inc. President and CEO Quentin S. Blackford reported an acquisition of 178 shares of common stock at $96.815 per share. The shares were acquired under the company’s 2016 Employee Stock Purchase Plan for the purchase period from December 1, 2025 through May 31, 2026, in a transaction exempt from Section 16(b) under Rule 16b-3. Following this Plan purchase, he holds 204,333 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blackford Quentin S.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 178 | $96.815 | $17K |
Holdings After Transaction:
Common Stock — 204,333 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 178 shares
Acquisition price: $96.815 per share
Post-transaction holdings: 204,333 shares
+2 more
5 metrics
Shares acquired
178 shares
Common stock acquired under 2016 Employee Stock Purchase Plan
Acquisition price
$96.815 per share
Price for ESPP acquisition on May 29, 2026
Post-transaction holdings
204,333 shares
Total common shares directly held after acquisition
ESPP purchase period start
December 1, 2025
Start of Employee Stock Purchase Plan purchase period
ESPP purchase period end
May 31, 2026
End of Employee Stock Purchase Plan purchase period
Key Terms
2016 Employee Stock Purchase Plan, Section 16(b), Rule 16b-3, Grant, award, or other acquisition
4 terms
2016 Employee Stock Purchase Plan financial
"shares of the Issuer's common stock pursuant to the Issuer's 2016 Employee Stock Purchase Plan"
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did iRhythm (IRTC) report for CEO Quentin Blackford?
iRhythm reported that President and CEO Quentin S. Blackford acquired 178 shares of common stock. The shares were obtained under the 2016 Employee Stock Purchase Plan during a defined purchase period, in a transaction exempt from Section 16(b) under Rule 16b-3.
What are Quentin Blackford’s iRhythm (IRTC) holdings after this Form 4 transaction?
After the reported transaction, Quentin S. Blackford directly holds 204,333 shares of iRhythm common stock. This total includes the 178 shares acquired under the 2016 Employee Stock Purchase Plan as disclosed in the Form 4 filing data.