MYOMO (MYO) Chief Medical Officer disposes shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MYOMO, INC. Chief Medical Officer Harry Kovelman reported a routine tax-related share disposition. On June 8, 2026, 7,635 shares of common stock were sold at $1.33 per share solely to cover income taxes from restricted stock units that vested on June 5, 2026. After this transaction, he directly holds 100,983 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kovelman Harry
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,635 | $1.33 | $10K |
Holdings After Transaction:
Common Stock — 100,983 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 7,635 shares
Transaction price: $1.33 per share
Post-transaction holdings: 100,983 shares
+3 more
6 metrics
Tax-withholding shares
7,635 shares
Common stock disposed June 8, 2026 to pay income taxes
Transaction price
$1.33 per share
Price for tax-withholding disposition on June 8, 2026
Post-transaction holdings
100,983 shares
Common stock directly held after the Form 4 transaction
Tax-withholding value
$10,155.55
7,635 shares at $1.33 per share used for tax payment
Vesting date
June 5, 2026
Restricted stock units that triggered the tax liability vested
Transaction date
June 8, 2026
Date shares were disposed to satisfy income tax obligations
Key Terms
restricted stock units, tax-withholding disposition, Form 4, Chief Medical Officer
4 terms
restricted stock units financial
"resulting from a vesting of restrcted stock units on June 5, 2026"
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"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Medical Officer financial
"officer_title: Chief Medical Officer"
A chief medical officer is a senior executive responsible for overseeing the health and medical strategies within an organization, often in the healthcare or pharmaceutical sectors. They play a key role in guiding decisions related to medical research, product safety, and healthcare policies, which can impact a company's reputation and success. For investors, understanding the chief medical officer's role helps gauge how well a company manages medical risks and advances its healthcare goals.
FAQ
What insider transaction did MYOMO (MYO) report for Harry Kovelman?
MYOMO reported that Chief Medical Officer Harry Kovelman disposed of 7,635 common shares. The shares were used solely to cover income taxes triggered by restricted stock units vesting, rather than representing an open-market investment decision or discretionary sale.
Was the MYO insider transaction an open-market sale or tax withholding?
The transaction was a tax-withholding disposition, not an open-market sale. Shares were sold on June 8, 2026 to pay income taxes arising from restricted stock units that vested on June 5, 2026, according to the filing’s explanatory footnote.