IRTC insider sale: CFO Wilson disposes 5,000 shares under 10b5-1
Rhea-AI Filing Summary
Daniel G. Wilson, Chief Financial Officer of iRhythm Technologies (IRTC), reported a sale of common stock executed under a Rule 10b5-1 trading plan. On 09/03/2025 Mr. Wilson disposed of 5,000 shares at $175 per share. After this transaction he beneficially owned 34,470 shares directly and an additional 100 shares indirectly 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 09/04/2025 and notes the 10b5-1 plan was established November 14, 2024.
Positive
- Transaction executed under a Rule 10b5-1 plan, providing an affirmative defense to insider trading claims
- Clear disclosure of post-transaction beneficial ownership: 34,470 shares direct and 100 shares indirect through a trust
Negative
- Insider disposition of 5,000 shares on 09/03/2025 at $175 per share
- Sale reduces the reporting person's direct shareholding (from prior level to 34,470 shares)
Insights
TL;DR: Routine insider sale under a 10b5-1 plan; disclosure shows remaining direct and indirect holdings.
The Form 4 documents a single non-derivative disposition of 5,000 shares at $175 on 09/03/2025, executed pursuant to a pre-established Rule 10b5-1 plan (established 11/14/2024). Post-transaction beneficial ownership is disclosed as 34,470 shares direct and 100 shares indirect via a family trust. This filing provides clear transactional detail and confirms compliance with a trading plan, but does not include any derivative activity or other material corporate events.
TL;DR: Disclosure aligns with Section 16 reporting and shows 10b5-1 use and trustee-held indirect ownership.
The filing identifies Mr. Wilson as an officer (CFO) and reports the sale was effected under a Rule 10b5-1 trading plan, which is explicitly disclosed as established 11/14/2024. It also specifies indirect ownership through The Wilson Living Trust (100 shares). The Form 4 appears complete for the reported transactions and includes attorney-in-fact signature, satisfying standard Section 16 transparency requirements.