Myomo (MYO) CMO sells shares outside 10b5-1 trading plan
Rhea-AI Filing Summary
MYOMO, INC. (MYO) reported that Chief Medical Officer Harry Kovelman sold common stock in an open-market transaction. On 2026-08-20, he sold 17,250 shares at a weighted average price of $1.7331 per share, with individual sale prices ranging from $1.72 to $1.75. Following this sale, he directly holds 105,983 shares of MYO common stock. The transaction was not reported as being made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 17,250 | $1.7331 | $30K |
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
Key Terms
weighted average sales price financial
open market transactions market
Common Stock financial
FAQ
What insider transaction did MYO report for Harry Kovelman?
MYOMO, INC. reported that Chief Medical Officer Harry Kovelman sold 17,250 shares of MYO common stock on 2026-08-20 in an open-market transaction at a weighted average price of $1.7331 per share, with trade prices between $1.72 and $1.75.
Was the MYO insider sale made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnote describes the trades only as open market transactions. There is no indication that this sale was executed under a Rule 10b5-1 trading plan.
What does the footnote say about the MYO insider’s sale prices?
The footnote explains that the reported $1.7331 price is a weighted average sales price. Shares were sold in multiple open-market lots at prices ranging from $1.72 to $1.75 per share, and detailed trade information is available to the SEC upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.