Chad Patterson, Chief Commercial and Product Officer of iRhythm Holdings, Inc., filed a Form 4 on August 11, 2026, disclosing the acquisition of shares upon performance RSU vesting and a subsequent sale of shares to cover tax withholding obligations.

Key Highlights

  • RSU acquisition: Patterson acquired 13,589 shares of common stock on August 7, 2026, at $0, upon satisfaction of performance conditions tied to RSUs granted on August 7, 2023.
  • Shares sold for taxes: 7,093 shares were sold on August 10, 2026, at a price of $124.6539 per share to cover tax withholding and remittance obligations.
  • Remaining ownership: Following the transactions, Patterson directly beneficially owned 62,125 shares of common stock.
  • Performance conditions confirmed: The Compensation and Human Capital Management Committee of the Board of Directors determined that performance conditions on the RSUs were met, according to the filing.
  • Issuer and ticker: The issuer is iRhythm Holdings, Inc., trading on NASDAQ:IRTC.

Patterson's Performance RSU Vesting and Tax-Related Sale at iRhythm Holdings

According to the Form 4 filed with the SEC on August 11, 2026, Chad Patterson, identified in the filing as Chief Commercial and Product Officer of iRhythm Holdings, Inc. (NASDAQ:IRTC), reported two transactions in the company's common stock. The first was the acquisition of 13,589 shares on August 7, 2026, coded as an acquisition at $0, stemming from the vesting of performance-based restricted stock units originally granted on August 7, 2023.

The filing states that the acquisition followed a determination by the Compensation and Human Capital Management Committee of the Board of Directors "that the performance conditions were met with respect to performance Restricted Stock Units." Immediately after the vesting event, Patterson's direct beneficial ownership stood at 69,218 shares of common stock.

On August 10, 2026, the filing discloses that Patterson sold 7,093 shares at a price of $124.6539 per share. According to the filing, "these shares were sold to cover tax withholding and remittance obligations in connection with the vesting of performance RSUs." Following this sale, Patterson's direct beneficial ownership of common stock was reported as 62,125 shares. The Form 4 was signed by Marc Rosenbaum as attorney-in-fact and dated August 11, 2026.

What Was Disclosed

The filing disclosed the vesting of 13,589 performance RSU shares and the sale of 7,093 shares at $124.6539 each for tax purposes, leaving Chad Patterson with direct beneficial ownership of 62,125 shares of iRhythm Holdings common stock.