---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-031097"
form_type: "8-K"
ticker: "RYTM"
cik: "0001649904"
company_name: "RHYTHM PHARMACEUTICALS, INC."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:32:41.547608+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Rhythm discloses $3.4M in SVB deposits, 1.1% of total cash, after SVB closure

## Summary
- Approximately $3.4M held in deposit accounts at Silicon Valley Bank, representing 1.1% of total cash and equivalents.
- SVB closed by California regulator; FDIC appointed as receiver on March 10, 2023.
- Company states it has deposit accounts only, no other material exposure.
- Total cash and cash equivalents of the company implied to be roughly $309M based on percentage.

## SEC filing metadata
- accession: 0001104659-23-031097
- form_type: 8-K
- ticker: RYTM
- cik: 0001649904
- company_name: RHYTHM PHARMACEUTICALS, INC.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649904/000110465923031097/0001104659-23-031097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649904/000110465923031097/tm239174d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-031097
- JSON: https://secwatch.observer/filing/0001104659-23-031097.json
- Plain text: https://secwatch.observer/filing/0001104659-23-031097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.