iRhythm (IRTC) Form 4: CFO Disposes 737 Shares for RSU Withholding
Rhea-AI Filing Summary
Daniel G. Wilson, Chief Financial Officer of iRhythm Technologies, Inc. (IRTC), reported a sale of 737 shares of common stock on 09/02/2025 at a price of $167.28 per share. The filing states the shares were sold to cover tax withholding and remittance obligations related to the vesting of restricted stock units (RSUs). After the sale, Mr. Wilson directly beneficially owned 39,470 shares. The filing also discloses an indirect ownership of 100 shares held through The Wilson Living Trust dated July 9, 2015, of which he is trustee. The Form 4 was signed by an attorney-in-fact on 09/03/2025, reflecting a routine, compliance-focused disclosure of an insider transaction tied to RSU vesting.
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Insights
TL;DR: Routine insider sale to satisfy RSU tax withholding; compliant and transparent disclosure.
The transaction is portrayed as a customary sale to meet tax obligations following RSU vesting, which is a common practice among executives to satisfy withholding without requiring cash outlay. The Form 4 clearly states the reason for the sale and reports post-transaction holdings both directly (39,470 shares) and indirectly (100 shares) through a family trust. From a governance perspective, timely reporting and explicit explanation support transparency and reduce governance risk related to insider trading perceptions. There is no indication of opportunistic trading tied to nonpublic corporate developments in the filing.
TL;DR: Small, disclosed sale unlikely to move valuation; confirms executive equity ownership remains meaningful.
The sale of 737 shares at $167.28 yields approximately $123,300 gross proceeds, consistent with a tax-withholding disposition following RSU vesting rather than a directional bet. Reported remaining direct ownership of 39,470 shares indicates continued executive alignment with shareholders. Absent additional transactions or material changes in holdings, this filing represents routine compensation-related activity with negligible immediate impact on share supply or market dynamics.