Form 4: Myomo Executive Sells Shares to Cover Tax Obligations

Harry Kovelman, Chief Medical Officer of Myomo, Inc., sold 5,347 shares of common stock on June 10, 2024, to cover income taxes resulting from vesting of restricted stock units.

Summary

• Harry Kovelman, the Chief Medical Officer of Myomo, Inc., sold 5,347 shares of common stock on June 10, 2024.
• The sale was executed to cover income taxes resulting from the vesting of restricted stock units on June 8 and June 9, 2024.
• The shares were sold at an average price of $3.379, with individual sales ranging from $3.33 to $3.39 per share.
• Following the transaction, Kovelman directly owns 145,541 shares of Myomo, Inc.
• The sale was conducted pursuant to an irrevocable election made by Kovelman on May 12, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't inherently indicate positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into management's perspective on the company's value.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares sold.

Key Dates