iRhythm (IRTC) EVP Disposes 653 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Shrishrimal Sumi, EVP and Chief Risk Officer of iRhythm Technologies (IRTC), reported a sale of company stock. The Form 4 shows a single non-derivative disposition of 653 shares of common stock on 08/22/2025 at a price of $167.12 per share, leaving the reporting person with 34,032 shares beneficially owned.
The filing states the sale was executed pursuant to a Rule 10b5-1 trading plan established by the reporting person on May 23, 2025. The Form 4 was filed by one reporting person and signed by an attorney-in-fact.
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer sale disclosed under a documented 10b5-1 plan; filing shows compliance and routine insider activity.
The Form 4 records a controlled disposition of 653 shares by Shrishrimal Sumi, EVP and Chief Risk Officer, at $167.12 per share on 08/22/2025. The seller used a Rule 10b5-1 plan established on May 23, 2025, which is a common mechanism to mitigate concerns about trading on material non-public information. The filing includes the remaining beneficial ownership (34,032 shares) and is signed by an attorney-in-fact, indicating procedural completion of required disclosures. From a governance perspective, this is a standard, documented insider transaction rather than an unexplained block sale.
TL;DR: Transaction is transparent and documented; no additional material details provided to suggest market-moving significance.
The report details a single non-derivative sale (code S) of 653 common shares on 08/22/2025 at $167.12, with 34,032 shares held after the sale. The explicit note that the sale was effected pursuant to a 10b5-1 trading plan (established 05/23/2025) clarifies the trading context. The filing does not disclose multiple transactions, derivative activity, or other changes in ownership that would indicate a material shift in insider position. Based solely on the disclosed facts, this appears to be routine insider selling under a pre-established plan.