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Myomo director plans sale of 15,000 shares

A MYOMO, INC. director has filed a Rule 144 notice covering a potential sale of 15,000 common shares.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

MYOMO, INC. (MYO) has a notice of proposed sale filed under Rule 144 for shares held by director Morris Milton Mayo. The filing covers the potential sale of 15,000 shares of common stock through RBC Capital Markets LLC, with an indicated aggregate market value of $21,150.00 and listing on the NYSE.

The securities relate to previously vested restricted stock units, including 14,997 shares acquired on March 7, 2024 and 3 shares acquired on December 5, 2024 from the issuer.

Positive

  • None.

Negative

  • None.
Shares proposed for sale 15,000 shares Common stock covered by the Rule 144 notice
Aggregate market value $21,150.00 Indicated value for the 15,000 MYO shares in the proposed sale
RSU vesting shares (March 7, 2024) 14,997 shares Common shares acquired via RSU vest from MYOMO, INC. on March 7, 2024
RSU vesting shares (December 5, 2024) 3 shares Common shares acquired via RSU vest from MYOMO, INC. on December 5, 2024
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"COMMON | 03/07/2024 | RSU VEST | ISSUER |"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU VEST financial
"COMMON | 12/05/2024 | RSU VEST | ISSUER |"

FAQ

What does the Form 144 filing mean for MYO shareholders?
The Form 144 filing indicates that director Morris Milton Mayo may sell up to 15,000 MYO common shares under Rule 144. It is a notice of potential resale of already-owned shares and does not itself represent a new issuance by MYOMO, INC.

How many MYO shares are covered by this Rule 144 notice?
The notice covers a proposed sale of 15,000 shares of MYOMO, INC. common stock. The filing lists an indicated aggregate market value of $21,150.00 for these shares in connection with potential sales on the NYSE through the named broker.

Who is selling MYO shares in this Form 144?
The potential sale is for the account of Morris Milton Mayo, identified as a director of MYOMO, INC. The filing provides required information about this person under Rule 144, including that the shares will be handled through RBC Capital Markets LLC.

What is the origin of the MYO shares to be sold?
The filing shows the shares were acquired via RSU vesting from the issuer, with 14,997 shares vesting on March 7, 2024 and 3 shares vesting on December 5, 2024. These vested restricted stock units form the basis of the potential Rule 144 sale.

On which market and through which broker may the MYO shares be sold?
The filing lists RBC Capital Markets LLC as the broker for the potential sale of the MYO shares. It also identifies the NYSE as the market where the 15,000 common shares may be sold, with a filed aggregate market value of $21,150.00.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR