Myomo insider tax-related sale; Kovelman retains 140,618 shares
Rhea-AI Filing Summary
Myomo, Inc. (MYO) – Form 4 insider transaction
Chief Medical Officer Harry Kovelman reported the automatic sale of 13,054 common shares on 30 June 2025 at $2.19 per share. The transaction is coded “F,” indicating the shares were withheld solely to cover income taxes arising from the vesting of restricted stock units on 28 June 2025. After the sale, Kovelman still beneficially owns 140,618 shares, held directly. No derivative securities were acquired or disposed of, and no additional transactions are disclosed.
The filing appears to be a routine tax-related share withholding rather than a discretionary market sale and does not materially change insider ownership levels.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-withholding sale; negligible impact on insider alignment or valuation.
The Form 4 records a mandatory “F” transaction, whereby Harry Kovelman surrendered 13,054 shares (~$28 k) to satisfy tax obligations from RSU vesting. The insider retains 140,618 shares, so his economic exposure remains largely intact. Because the sale is non-discretionary and immaterial to Myomo’s float or governance profile, I view the disclosure as neutral for investors and not market-moving. No new options, warrants, or other derivatives were granted or exercised.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 13,054 | $2.19 | $29K |
Footnotes (1)
- F1. Represents sale of shares on June 30, 2025, solely to cover income taxes on the vesting of restricted stock units on June 28, 2025, pursuant to an irrevocable election made by the Reporting Party on May 12, 2025.
FAQ
What is Harry Kovelman’s remaining ownership in Myomo after the transaction?
What does transaction code "F" represent in this Form 4?
Did the filing report any option exercises or other derivative activity?
When did the restricted stock units underlying the tax withholding vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.