Form 4: Myomo CFO Sells Shares to Cover Tax Obligations on RSU Vesting
Insider Transaction Report
Myomo, Inc.'s Chief Financial Officer, David A. Henry, sold 8,373 shares of common stock on June 6, 2025, at $2.97 per share, solely to satisfy income tax obligations arising from the vesting of restricted stock units.
Summary
- David A. Henry, Chief Financial Officer of Myomo, Inc. (MYO), reported a transaction on June 6, 2025.
- The transaction involved the disposition of 8,373 shares of Myomo Common Stock at a price of $2.97 per share.
- This sale was specifically conducted to cover income taxes incurred from the vesting of restricted stock units (RSUs) on June 5, 2025.
- The sale was executed under the Issuer's 2018 Stock Option and Incentive Plan, following an irrevocable election made by Mr. Henry on May 9, 2025.
- Following this transaction, Mr. Henry beneficially owns 375,089 shares of Myomo Common Stock.
- An associated Exhibit 24 details a Limited Power of Attorney granted by David A. Henry on May 15, 2025, authorizing Paul Gudonis and Amy Vetrano-Palmer to execute and file SEC forms on his behalf.
Sentiment
Score: 5
Explanation: The transaction is a routine, pre-arranged sale of shares to cover tax obligations from RSU vesting, which is a neutral event. It does not indicate a change in management's view of the company's prospects.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or operations.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a sale of shares to cover tax liabilities from RSU vesting. It does not provide information that allows for an analysis of broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | David A. Henry granted a Limited Power of Attorney to Paul Gudonis and Amy Vetrano-Palmer to execute and file SEC forms (Form ID, 3, 4, 5, Schedules 13D and 13G) on his behalf. | 05/15/2025 | This is a standard corporate governance practice to facilitate timely and accurate SEC filings for officers and directors, ensuring compliance with reporting obligations. |
Stakeholder Impact
- The sale of shares by the CFO to cover tax obligations is a routine event with minimal direct impact on shareholders, employees, customers, suppliers, or creditors. It reflects a standard aspect of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Date of irrevocable election made by David A. Henry for the sale of shares to cover income taxes. |
| 05/15/2025 | Effective date of the Limited Power of Attorney granted by David A. Henry. |
| 06/05/2025 | Date of vesting of restricted stock units (RSUs) for David A. Henry. |
| 06/06/2025 | Date of transaction (sale of shares) by David A. Henry. |
Recommendation
holdKeywords
Myomo, MYO, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Obligations, Chief Financial Officer, David A. Henry, SEC Filing, Corporate Governance, Power of Attorney
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.