Chad Patterson - 30 Nov 2023 Form 4 Insider Report for iRhythm Technologies, Inc. (IRTC)

Signature
/s/ Marc Rosenbaum, attorney-in-fact
Issuer symbol
IRTC
Transactions as of
30 Nov 2023
Net transactions value
-$1,531,766
Form type
4
Filing time
27 Feb 2025, 16:08:55 UTC
Previous filing
02 Aug 2023
Next filing
01 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRTC Common Stock Other $6,452 +89 +0.24% $72.49 37,222 30 Nov 2023 Direct F1
transaction IRTC Common Stock Sale $54,850 -461 -1.2% $118.98 36,761 25 Feb 2025 Direct F2
transaction IRTC Common Stock Award $0 +25,546 +69% $0.000000 62,307 25 Feb 2025 Direct F3
transaction IRTC Common Stock Award $0 +12,118 +19% $0.000000 74,425 26 Feb 2025 Direct F4
transaction IRTC Common Stock Sale $1,483,368 -13,229 -18% $112.13 61,196 26 Feb 2025 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Patterson is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2016 Employee Stock Purchase Plan for the purchase period December 1, 2022 through November 30, 2023. This transaction is exempt from Section 16(b) under Rule 16b-3.
F2 This transaction represents the sale of common stock originally acquired by the reporting person pursuant to the Issuer's Employee Stock Purchase Plan effected through a 10b5-1 plan.
F3 Represents the acquisition of shares upon the determination of the Compensation Committee of the Board of Directors of the Issuer that the performance conditions were met with respect to performance Restricted Stock Units ("RSUs") granted to the Reporting Person on July 25, 2022.
F4 These securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 25% of the RSUs vest on March 1, 2026 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F5 These shares were sold to cover tax withholding and remittance obligations in connection with the vesting of performance RSUs.