UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date
of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
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| (Address of principal executive offices) | (Zip Code) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class: | Trading Symbol | Name of each exchange on which registered: | ||
| Item 8.01 | Other Events. |
On June 15, 2021, Roger Susi, President and Chief Executive Officer of iRadimed Corporation (the “Company”), entered into an individual written stock trading plan (a “10b5-1 Plan”), in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy.
The purpose of the 10b5-1 Plan is to increase the tradability of the Company’s stock over time by increasing the number of shares in the public float in a non-dilutive manner. Under the 10b5-1 Plan, Mr. Susi may sell certain amounts of shares daily from June 15, 2021, to the earlier of (1) February 28, 2022, (2) execution of all of the trade or expiration of all of the orders relating to such trades for all shares specified in the 10b5-1 Plan, or (3) termination of the 10b5-1 Plan. Sales of shares under the 10b5-1 Plan are subject to a minimum market price threshold as specified in the 10b5-1 Plan.
The transactions executed in accordance with the 10b5-1 Plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IRADIMED CORPORATION | ||
| Date: June 17, 2021 | ||
| By: | /s/Chris Scott | |
| Name: | Chris Scott | |
| Title: | Chief Financial Officer | |