Myomo (NYSE: MYO) CFO swaps salary for RSUs and uses shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MYOMO, INC. Chief Financial Officer David A. Henry reported routine equity compensation and related tax withholding transactions in company stock. He received 12,500 Restricted Stock Units under a board-approved program where employees exchange 10% of three months of salary for RSUs valued at 115% of the salary given up. These RSUs vest in full on July 9, 2026. On April 13, 2026, 3,953 shares of common stock at $0.71 per share were disposed of solely to pay income taxes on restricted stock units that vested on April 12, 2026, pursuant to an irrevocable election made on December 11, 2025. Following these transactions, he directly holds 445,174 shares of Myomo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HENRY DAVID A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,953 | $0.71 | $3K |
| Grant/Award | Common Stock | 12,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 445,174 shares (Direct)
Footnotes (1)
- Represents a grant of Restricted Stock Units ("RSU's") under a program approved by the Company's Board of Directors allowing employees to forego 10% of their salary in exchange for a grant of RSUs with a grant date fair value of 115% of such salary exchanged. This grant covers the exchange of three months of salary. RSU's under this grant vest in their entirety on July 9, 2026. Represents shares sold on April 13, 2026 solely to pay income taxes resulting from the vesting of restricted stock units on April 12, 2026. Transaction was conpleted pursuant to an irrevocable election made by the Reporting Party on December 11, 2025.
Key Figures
Tax-withholding shares: 3,953 shares at $0.71
RSU grant size: 12,500 RSUs
Post-transaction holdings: 445,174 shares
+2 more
5 metrics
Tax-withholding shares
3,953 shares at $0.71
Disposed on April 13, 2026 to pay income taxes
RSU grant size
12,500 RSUs
Compensation grant in exchange for three months of salary
Post-transaction holdings
445,174 shares
Common stock directly held after reported transactions
Salary exchange rate
10% salary for 115% value
Program lets employees swap 10% salary for RSUs worth 115% of salary
RSU vesting date
July 9, 2026
All RSUs under this grant vest on this date
Key Terms
Restricted Stock Units, tax-withholding disposition, grant, award, or other acquisition, irrevocable election
4 terms
Restricted Stock Units financial
"Represents a grant of Restricted Stock Units ("RSU's") under a program approved by the Company's Board of Directors"
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" and transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for the 12,500-share RSU transaction"
irrevocable election financial
"Transaction was completed pursuant to an irrevocable election made by the Reporting Party on December 11, 2025."
FAQ
What insider transactions did Myomo (MYO) CFO David A. Henry report?
Myomo CFO David A. Henry reported a grant of 12,500 Restricted Stock Units and a tax-related share disposition of 3,953 shares. These actions reflect routine equity compensation and automatic tax withholding rather than discretionary open-market buying or selling of Myomo stock.
What are the terms of the Myomo (MYO) CFO’s RSU grant?
The CFO received 12,500 Restricted Stock Units under a program allowing employees to forego 10% of their salary for three months in exchange for RSUs. The grant’s fair value equals 115% of the salary exchanged, and all these RSUs vest on July 9, 2026.
Does the Myomo (MYO) Form 4 show open-market buying or selling by the CFO?
The Form 4 does not show open-market buying or selling. It reports a grant of 12,500 Restricted Stock Units as compensation and a 3,953-share tax-withholding disposition. The tax-related share sale was executed under a prior irrevocable election, indicating a mechanistic, pre-arranged transaction.