CCO Patterson sells 8,510 shares at avg $120.55 as IRTC hits 52-week high of $135.76; post-sale holdings 49,930 shares
Patterson Chad, Chief Commercial Officer of iRhythm Technologies, executed 2 separate sales totaling 8,510 shares for $1,025,897.50 on May 2, 2025 at an average price of $120.55, reducing his stake by 14.6% to 49,930 shares. This sale occurred as the stock reached its 52-week high of $135.76 (15 cents above the prior peak), reflecting a significant 35.3% gain over the preceding 30 days and 22.5% over 90 days. Patterson's cross-ticker track record shows 3 prior open-market sells with a 100.00% well-timed rate and -7.4% average 30-day return, suggesting a pattern of selling into strength; however, at IRTC specifically, his 2 most recent sells (February 2025) have not yet accumulated sufficient time to measure 90-day outcomes. The company remains unprofitable (net income -$30.7M on $158.7M quarterly revenue) despite 20.1% annual revenue growth, creating a backdrop where insider liquidation into a 52-week peak warrants attention to conviction levels and near-term momentum expectations.