Director at iRhythm (NASDAQ: IRTC) sells 5,312 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings, Inc. director Abhijit Y. Talwalkar reported exercising employee stock options for 5,312 shares at $10.710 per share and receiving an equal number of common shares on February 23, 2026. He then sold 5,312 common shares in multiple open-market transactions at prices including $143.400, $145.317, $146.951, and $147.616 per share, leaving 20,299 shares of common stock held directly.
All transactions were carried out under a Rule 10b5-1 trading plan established on May 12, 2025. The exercised option was originally granted on May 23, 2016 for 21,248 shares, vested in thirty-six equal monthly installments, and has an expiration date of May 23, 2026; the plan covers options expiring in 2026 and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,312 shares ($773,980)
Net Sell
6 txns
Insider
TALWALKAR ABHIJIT Y
Role
Director
Sold
5,312 shs ($774K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,312 | $10.71 | $57K |
| Exercise | Common Stock | 5,312 | $10.71 | $57K |
| Sale | Common Stock | 1,378 | $143.40 | $198K |
| Sale | Common Stock | 1,725 | $145.317 | $251K |
| Sale | Common Stock | 572 | $146.951 | $84K |
| Sale | Common Stock | 1,637 | $147.616 | $242K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 5,312 shares (Direct);
Common Stock — 25,611 shares (Direct)
Footnotes (1)
- All transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by Mr. Talwalkar on May 12, 2025. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $145.190 to a high of $145.530, inclusive. Mr. Talwalkar undertakes to provide upon request of the SEC staff, iRhythm Holdings, Inc. or any security holder of iRhythm Holdings, Inc., full information regarding the numbers of shares sold at each price within the range. The weighted-average sale price reflected has been rounded to 3 decimal points. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $146.300 to a high of $147.200, inclusive. Mr. Talwalkar undertakes to provide upon request of the SEC staff, iRhythm Holdings, Inc. or any security holder of iRhythm Holdings, Inc., full information regarding the numbers of shares sold at each price within the range. The weighted-average sale price reflected has been rounded to 3 decimal points. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $147.340 to a high of $148.130, inclusive. Mr. Talwalkar undertakes to provide upon request of the SEC staff, iRhythm Holdings, Inc. or any security holder of iRhythm Holdings, Inc., full information regarding the numbers of shares sold at each price within the range. The weighted-average sale price reflected has been rounded to 3 decimal points. The option, originally granted on May 23, 2016 for 21,248 shares, vested in thirty-six equal monthly installments. This option has an expiration date of May 23, 2026. The Rule 10b5-1 trading plan of Mr. Talwalkar solely covers shares subject to options expiring in 2026 and 2027.
FAQ
What insider transactions did iRhythm (IRTC) director Abhijit Talwalkar report?
Abhijit Y. Talwalkar reported exercising employee stock options for 5,312 shares at $10.710 and receiving an equal number of common shares, then selling 5,312 common shares in several open-market transactions on February 23, 2026, while retaining 20,299 shares directly.
Was Abhijit Talwalkar’s iRhythm (IRTC) trading done under a Rule 10b5-1 plan?
Yes, all reported transactions were executed pursuant to a Rule 10b5-1 trading plan that Mr. Talwalkar established on May 12, 2025. The plan covers shares subject to options expiring in 2026 and 2027, including the option exercised in this filing.
What are the key details of the iRhythm (IRTC) stock option exercised by Abhijit Talwalkar?
The option was originally granted on May 23, 2016 for 21,248 shares, vesting in thirty-six equal monthly installments. It carries an exercise price of $10.710 per share and an expiration date of May 23, 2026, and was partially exercised for 5,312 shares.