Form 4: iRhythm Technologies EVP, Chief Risk Officer Sumi Shrishrimal Reports Stock Sale
SEC Form 4 Filing
Sumi Shrishrimal, EVP and Chief Risk Officer of iRhythm Technologies, sold 1,131 shares of common stock on June 3, 2024, to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On June 3, 2024, Sumi Shrishrimal, the EVP and Chief Risk Officer of iRhythm Technologies, sold 1,131 shares of the company's common stock.
- The sale was executed at a price of $88.91 per share.
- The transaction was conducted to cover tax withholding and remittance obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Shrishrimal directly owns 23,298 shares of iRhythm Technologies.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to tax obligations.
Industry Context
This is a routine disclosure related to executive stock transactions and is common for publicly traded companies. It provides transparency into insider trading activities.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small percentage of the outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock sale transaction |
| 06/04/2024 | Date of signature on the Form 4 filing |
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