Myomo (NYSE: MYO) CMO sells shares to cover income tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MYOMO, INC. Chief Medical Officer Harry Kovelman reported a Form 4 transaction where 10,442 shares of Common Stock were sold at $1.20 per share on June 12, 2026. According to the footnote, these shares were sold solely to pay income taxes from restricted stock units that vested on June 11, 2026, under an earlier irrevocable election. After this tax-withholding disposition, Kovelman directly owns 90,541 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 | 10,442 | $1.20 | $13K |
Holdings After Transaction:
Common Stock — 90,541 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares disposed for taxes: 10,442 shares
Transaction price per share: $1.20 per share
Shares held after transaction: 90,541 shares
+1 more
4 metrics
Shares disposed for taxes
10,442 shares
Tax-withholding sale on June 12, 2026
Transaction price per share
$1.20 per share
Common Stock disposition on June 12, 2026
Shares held after transaction
90,541 shares
Direct ownership following June 12, 2026 Form 4
Tax-withholding transactions in filing
1 transaction
Form 4 transaction summary
Key Terms
restricted stock units, tax-withholding disposition, irrevocable election
3 terms
restricted stock units financial
"resulting from a vesting of restrcted stock units on June 11, 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" for this sale"
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.
irrevocable election financial
"pursuant to an irrevocable election made by the Reporting Party on May 28, 2026"
FAQ
What did Myomo (MYO) disclose in Harry Kovelman’s latest Form 4?
Myomo reported that Chief Medical Officer Harry Kovelman disposed of 10,442 shares of Common Stock on June 12, 2026. The filing states the transaction was specifically to cover income taxes from recently vested restricted stock units.
Does the Myomo (MYO) Form 4 show insider buying or selling activity?
The Form 4 reflects a disposition of 10,442 shares categorized as a tax-withholding transaction, not an open-market purchase. Shares were sold solely to satisfy income taxes from restricted stock unit vesting, rather than to change investment exposure.