Myomo CMO sells 15,488 shares at $1.27
Rhea-AI Filing Summary
MYOMO, INC. (MYO) reported that Chief Medical Officer Harry Kovelman sold 15,488 shares of common stock on September 11, 2026 in an open-market or private transaction at a weighted-average price of $1.2709 per share, with individual trade prices ranging from $1.25 to $1.29 per share.
After this sale, he directly holds 90,245 shares of MYOMO common stock. No transactions in this filing are reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,488 shares
Net Sell
1 txn
Insider
Kovelman Harry
Role
Chief Medical Officer
Sold
15,488 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 15,488 | $1.2709 | $20K |
Holdings After Transaction:
Common Stock — 90,245 shares (Direct)
Footnotes (1)
- F1. Represents average sales price. Transactions were completed in multiple lots at prices ranging from $1.25 to $1.29 per share. Reporting party agrees to provide details of the transactions to the SEC upon request.
Key Figures
Shares sold: 15,488 shares
Weighted-average sale price: $1.2709 per share
Sale price range: $1.25–$1.29 per share
+2 more
5 metrics
Shares sold
15,488 shares
Common stock sale by Chief Medical Officer on September 11, 2026
Weighted-average sale price
$1.2709 per share
Average price for the 15,488 shares sold on September 11, 2026
Sale price range
$1.25–$1.29 per share
Range of individual trade prices for the reported sale
Shares held after transaction
90,245 shares
Direct holdings of Harry Kovelman after the reported sale
Net buy/sell shares
15,488 shares net sold
Net effect of transactions reported in this Form 4
Key Terms
weighted-average price, open market or private transaction, Rule 10b5-1
3 terms
weighted-average price financial
"Represents average sales price. Transactions were completed in multiple lots"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
open market or private transaction financial
"Sale in open market or private transaction"
Rule 10b5-1 regulatory
"No transactions in this filing are reported as made under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MYO report for Chief Medical Officer Harry Kovelman?
MYOMO reported that Chief Medical Officer Harry Kovelman sold 15,488 shares of common stock on September 11, 2026 at a weighted-average price of $1.2709 per share, with trades executed between $1.25 and $1.29 per share.
Was the MYO insider sale by Harry Kovelman under a Rule 10b5-1 trading plan?
The filing indicates that no Rule 10b5-1 plan is affirmed for this transaction, and the footnote only describes the average sales price and trade price range, without referencing any trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.