Form 4: Myomo Director Milton Morris Granted 29,720 Restricted Stock Units

Myomo, Inc. Director and 10% owner Milton Morris was granted 29,720 Restricted Stock Units (RSUs) on June 11, 2025, which will vest in quarterly installments starting September 11, 2025.

Summary

• Milton Morris, a Director and 10% owner of Myomo, Inc. (MYO), was granted 29,720 Restricted Stock Units (RSUs) on June 11, 2025.
• These RSUs were granted under the Issuer's 2018 Stock Option and Incentive Plan.
• The RSUs will vest in four equal quarterly installments, with the first vesting date on September 11, 2025.
• Following this transaction, Milton Morris beneficially owns 144,687 shares of Common Stock directly.
• An associated Limited Power of Attorney, executed on May 15, 2025, authorizes Paul Gudonis, David Henry, and Amy Vetrano-Palmer to file SEC forms on behalf of Milton Morris.

Sentiment

Score: 6

Explanation: The grant of RSUs is a positive sign of continued alignment between management/directors and shareholders, and is a standard compensation practice. It's not a major market moving event but indicates stability in compensation structure.

Positives

• Grant of Restricted Stock Units (RSUs) aligns the interests of Director Milton Morris with those of shareholders, incentivizing long-term performance.
• The RSUs are granted under an existing incentive plan (2018 Stock Option and Incentive Plan), indicating a structured compensation framework.

Negatives

• The transaction represents a grant of RSUs at a price of $0, meaning no immediate cash proceeds for the reporting person.
• The RSUs vest over time, meaning the full benefit is not immediately realized.

Risks

• The value of the granted Restricted Stock Units is subject to the future performance of Myomo, Inc.'s common stock.
• The Power of Attorney includes an indemnification clause where Milton Morris agrees to indemnify the attorneys-in-fact and the Company from any demand, damage, loss, cost or expense arising from false or misleading information provided by him.

Future Outlook

The granted Restricted Stock Units are set to vest in four equal quarterly installments beginning September 11, 2025, indicating a future alignment of the director's compensation with the company's performance over the vesting period.

Industry Context

This Form 4 filing is a routine disclosure of an insider equity transaction, common across all industries for publicly traded companies. The grant of Restricted Stock Units is a standard practice for compensating directors and executives, aligning their interests with long-term shareholder value, particularly in the medical device or biotechnology sector where long-term development cycles are common.

Corporate Governance

Related Party Transactions

• The grant of 29,720 Restricted Stock Units to Director Milton Morris by Myomo, Inc. is a related party transaction, representing compensation under the company's 2018 Stock Option and Incentive Plan.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders by tying compensation to future stock performance.
• Employees: No direct impact on general employees is indicated by this filing.
• Management: The Power of Attorney streamlines SEC filing processes for the named attorneys-in-fact.

Next Steps

• The granted Restricted Stock Units will vest in four equal quarterly installments, with the first installment vesting on September 11, 2025.

Key Dates

Keywords

Myomo Inc., MYO, SEC Form 4, Restricted Stock Units, RSU, Stock Grant, Insider Transaction, Director Compensation, Beneficial Ownership, Equity Incentive Plan, Corporate Governance, Power of Attorney