iRhythm (NASDAQ: IRTC) EVP sells 2,585 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings EVP Mervin Smith reported an open-market sale of 2,585 shares of common stock at $114.30 per share. The transaction took place on March 16, 2026 and was executed under a pre-established Rule 10b5-1 trading plan adopted on November 19, 2025.
After this sale, Smith continues to hold 23,027 shares directly, indicating he retains a substantial equity position in the company despite the disposition.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,585 shares ($295,466)
Net Sell
1 txn
Insider
Smith Mervin
Role
EVP Strategic Business Ops
Sold
2,585 shs ($295K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,585 | $114.30 | $295K |
Holdings After Transaction:
Common Stock — 23,027 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did iRhythm (IRTC) report for Mervin Smith?
iRhythm reported that EVP Strategic Business Ops Mervin Smith sold 2,585 shares of common stock. The sale occurred on March 16, 2026 at a price of $114.30 per share in an open-market transaction disclosed on Form 4.
Was the iRhythm (IRTC) insider sale by Mervin Smith pre-planned?
Yes. The filing notes the sale was effected under a Rule 10b5-1 trading plan. That trading plan was established by Mervin Smith on November 19, 2025, indicating the transaction was pre-arranged rather than a discretionary market-timing decision.
What was the value of Mervin Smith’s iRhythm (IRTC) stock sale?
The transaction involved 2,585 shares sold at $114.30 per share. This implies gross sale proceeds of roughly $295,000 based on the disclosed per-share price, before any taxes, fees, or commissions associated with the open-market transaction.
What role does Mervin Smith hold at iRhythm (IRTC) in this Form 4?
In this Form 4, Mervin Smith is identified as an officer of iRhythm, serving as EVP Strategic Business Ops. His role as an executive makes his equity transactions subject to insider reporting requirements under U.S. securities regulations.