[Form 4] KORU Medical Systems, Inc. Insider Trading Activity
Rhea-AI Filing Summary
KORU Medical Systems, Inc. Chief Operating Officer Christopher Pazdan reported several equity compensation transactions. He received 5,064 shares of common stock from vested restricted stock units, with 1,628 shares withheld to cover tax obligations, leaving 3,436 shares held directly.
On the same grant date, he was awarded 31,226 restricted stock units that vest in equal increments on March 17, 2027 and each first, second, and third anniversary of that date, and 31,226 performance stock units that can pay out between 0% and 150% of target based on performance as of December 31, 2028, or fully upon a change in control before then. He also received an option to buy 46,929 shares of common stock at an exercise price of $4.35 per share, expiring on March 17, 2036. All events are compensation-related and do not involve open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 31,226 | $0.00 | -- |
| Grant/Award | Performance Stock Unit | 31,226 | $0.00 | -- |
| Grant/Award | Option to buy Common Stock | 46,929 | $0.00 | -- |
| Exercise | Common Stock | 5,064 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,628 | $4.28 | $7K |
Footnotes (1)
- Represents common stock issued upon vesting of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting. Represents shares withheld to satisfy tax obligations upon vesting of restricted stock units. Each unit represents a right to receive one share of common stock underlying the vested award on the applicable vesting date. This restricted stock unit award was granted under the Issuer's 2024 Omnibus Equity Incentive Plan. The units comprising the award vest in equal increments on March 17, 2027 and each first, second and third anniversaries thereof (each, a vesting date). These units will vest based upon the achievement of certain performance conditions as of December 31, 2028. The amount reported represents the amount of shares payable at target performance; the Reporting Person could earn 0%-150% of the amount reported depending on the level of performance achieved. These units will vest at 100% of the amount reported upon a change in control of the Company prior to December 31, 2028.