iRhythm (IRTC) Chief Comm & Product Officer Chad Patterson Sells Shares

What Happened
Chad Patterson, Chief Communications & Product Officer at iRhythm (IRTC), had 13,589 performance Restricted Stock Units (RSUs vest) recorded on 2026-08-07 (awarded/acquired at $0.00 upon vesting). On 2026-08-10 he sold 7,093 shares in an open-market/private sale at $124.65 per share, generating proceeds of $884,170. The sale was executed to satisfy tax withholding obligations related to the RSU vesting.

Key Details

• Transactions:
  • 2026-08-07: Award/acquisition of 13,589 shares (RSUs) at $0.00 (vested performance RSUs). (Footnote F1)
  • 2026-08-10: Sale of 7,093 shares at $124.65 each, total proceeds $884,170. (Footnote F2)
• Footnotes:
  • F1: Vesting occurred after the Compensation & Human Capital Management Committee determined performance conditions were met for RSUs granted 8/7/2023.
  • F2: The sold shares were used to cover tax withholding/remittance related to the RSU vesting.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-08-11; based on transaction dates (8/7 and 8/10) this filing appears timely.

Context
This filing reflects a routine post-vesting tax sale rather than a discretionary sell signal: the RSUs vested (an award), and a portion of the newly acquired shares were sold to cover taxes. Such withholding-sales are common following equity compensation vesting and do not necessarily indicate the insider's market view.