Emerson Martin J 4

What Happened

• Martin J. Emerson, a director of Nuwellis, Inc. (NUWE), received a derivative award of 6,744 shares on 2026-04-28. The award was reported at a $0.00 per-share acquisition price (no cash paid), resulting in no immediate cash value recorded in the filing. This is a compensation grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-28; Form 4 filed 2026-04-29 (timely filing).
• Type: Derivative award (code A) — 6,744 shares acquired at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: Award vests in approximately 12 equal monthly installments beginning one month after the grant, with full vesting at the one-year anniversary.
• No indication of 10b5-1 plan, tax withholding, or immediate sale in the filing.

Context

• This award appears to be a time-based compensation grant to a director; such grants are routine and intended for retention/compensation rather than an insider market bet. Because it’s a derivative award with a zero reported price and a monthly vesting schedule, value will only materialize as shares vest and any applicable restrictions lapse.