Insider Sale: Marc Rosenbaum Disposes 226 IRTC Shares, Retains 10,879
Rhea-AI Filing Summary
Marc Rosenbaum, Chief Accounting Officer of iRhythm Technologies (IRTC), sold 226 shares of the company's common stock on 08/11/2025 at a reported price of $158.93 per share.
The Form 4 states the sale was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on May 12, 2025. Following the reported transaction Rosenbaum beneficially owns 10,879 shares, held directly. The filing identifies his relationship to the issuer as an officer (Chief Accounting Officer) and discloses the transaction as a planned disposition under the 10b5-1 framework.
Positive
- Sale executed under a Rule 10b5-1 trading plan established May 12, 2025, indicating a pre-arranged transaction
- Reporting person continues to hold 10,879 direct shares after the transaction
Negative
- None.
Insights
TL;DR: A small, pre-planned insider sale that is unlikely to be material to investors on its own.
The Form 4 documents a sale of 226 shares at $158.93 executed on 08/11/2025. The reporting person remains a direct beneficial owner of 10,879 shares. Because the sale was conducted under a Rule 10b5-1 plan established on May 12, 2025, it reflects a scheduled disposition rather than an ad hoc market move. On its face this is a routine compliance-driven transaction with limited standalone impact on valuation or operations.
TL;DR: Disclosure aligns with governance best practices; sale executed under an established 10b5-1 plan.
The filing identifies Marc Rosenbaum as Chief Accounting Officer and discloses the sale as executed pursuant to a Rule 10b5-1 trading plan dated May 12, 2025. The Form 4 provides the transaction price ($158.93), the number of shares sold (226) and shares remaining (10,879), meeting standard Section 16 disclosure requirements. From a governance standpoint this is a transparent, pre-arranged insider disposition consistent with policies that mitigate timing concerns.