Myomo (MYO) insider sale leaves CMO holding 105,733 shares
Rhea-AI Filing Summary
MYOMO, INC. (MYO) reports an amended insider transaction for Chief Medical Officer Harry Kovelman. On August 20, 2026, he executed an open-market sale of 17,500 shares of common stock at a weighted average price of $1.7331 per share, with individual trade prices ranging from $1.72 to $1.75. Following this transaction, he beneficially owned 105,733 shares of MYO common stock. The amendment corrects the originally reported shares sold and resulting holdings; no other aspects of the prior filing were changed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,500 shares
Net Sell
1 txn
Insider
Kovelman Harry
Role
Chief Medical Officer
Sold
17,500 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 17,500 | $1.7331 | $30K |
Holdings After Transaction:
Common Stock — 105,733 shares (Direct)
Footnotes (1)
- F1. Represents weighted average sales price. Shares sold in open market transactions in multiple lots at prices ranging from $1.72 to $1.75 per share. Reporting party agrees to provide details of the transactions to the SEC upon request.
Key Figures
Shares sold: 17,500 shares
Weighted average sale price: $1.7331 per share
Sale price range: $1.72–$1.75 per share
+1 more
4 metrics
Shares sold
17,500 shares
Common stock sold by Chief Medical Officer on August 20, 2026
Weighted average sale price
$1.7331 per share
Weighted average price for the 17,500 shares sold
Sale price range
$1.72–$1.75 per share
Prices of multiple open-market lots included in the sale
Shares beneficially owned after transaction
105,733 shares
Direct holdings of Harry Kovelman following the sale
Key Terms
beneficially owned, weighted average sales price, open market transactions
3 terms
beneficially owned financial
"correct the number of shares sold and the resultant amount of shares beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
weighted average sales price financial
"Represents weighted average sales price. Shares sold in open market"
open market transactions financial
"Shares sold in open market transactions in multiple lots at prices"
Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.
FAQ
What insider transaction did MYO report in this amended Form 4/A?
The company reported that Chief Medical Officer Harry Kovelman sold 17,500 shares of MYOMO, INC. common stock on August 20, 2026 in an open-market transaction at a weighted average price of $1.7331 per share, with prices ranging from $1.72 to $1.75.
Why was this MYO Form 4/A filed as an amendment?
The Form 4/A was filed to correct the number of shares sold by Harry Kovelman and the resulting amount of shares beneficially owned after the transactions. The company states that no other amendments were made to the original Form 4 filed on August 21, 2026.
Was the MYO insider sale made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for these transactions, and no footnote describes a trading plan. The sale is identified as an open market transaction with a weighted average price disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.