Tharby Linda M 4
4 · KORU Medical Systems, Inc. · Filed Mar 14, 2023
Insider Transaction Report
Form 4
Tharby Linda M
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2023-03-10$3.71/sh+32,378$120,122→ 1,062,682 total - Tax Payment
Common Stock
2023-03-10$3.71/sh−11,278$41,841→ 1,051,404 total
Footnotes (3)
- [F1]32,378 shares issued per her employment agreement for bonus earned of which 70% was paid in cash and 30% paid in shares of the company stock.
- [F2]Includes 150,000 in restricted stock awards that vest in 25% increments annually on 4/12/23, 4/12/24 and 4/12/25; Includes 400,000 in restricted stock awards that vest based on a schedule of the Company's market capitalization prior to 3/15/27; Includes 600,000 in restricted stock awards that vest based on a schedule of the Company's net sales growth targets for each of the fiscal years ended 12/31/22 through 12/31/25.
- [F3]Represents shares of common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of common stock for the portion of the 2022 bonus paid out in equity.