MYOMO CFO Henry David A Receives RSUs, Sells Shares for Taxes
$MYO · MYOMO, INC.Research Summary
AI-generated summary of this SEC filing
MYOMO CFO Henry David A Receives RSUs, Sells Shares for Taxes
What Happened
Henry David A, Chief Financial Officer of MYOMO, was granted 7,840 restricted stock units (RSUs) on July 10, 2026 (reported as an award/acquisition). On July 13, 2026 he disposed of 5,166 shares at $1.09 per share for proceeds of approximately $5,631. The July 13 sale was made solely to satisfy income tax withholding obligations related to RSU vesting.
Key Details
- Transactions reported: 2026-07-10 — Grant of 7,840 RSUs (code A) reported at $0.00 on the form; 2026-07-13 — Disposal of 5,166 shares (code F — tax withholding) at $1.09 each for ~$5,631.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1 — The RSU grant was under a Board-approved program allowing employees to forego 10% of salary for RSUs; the grant covers three months of salary and has a grant-date fair value equal to 115% of the salary exchanged. These RSUs vest in full on October 10, 2026.
- F2 — The 5,166 shares were sold on July 13 solely to pay income taxes resulting from RSU vesting on July 10, 2026, pursuant to an irrevocable election made December 11, 2025.
- Filing: Form 4 filed July 13, 2026 (reporting period July 10, 2026).
Context
The 7,840‑RSU entry is an awarded grant (not an open‑market purchase). The 5,166‑share sale was a routine tax‑withholding transaction (code F), a common administrative step when RSUs vest and not necessarily an indicator of the insider’s view on the stock. The cash involved in the sale (~$5.6k) is small relative to typical open‑market insider trades.