Adams Thomas Edward 4
4 · KORU Medical Systems, Inc. · Filed Sep 30, 2024
Insider Transaction Report
Form 4
Adams Thomas Edward
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2024-08-15+21,617→ 21,617 total→ Common Stock (21,617 underlying) - Award
Restricted Stock Units
2024-08-15+21,617→ 21,617 total→ Common Stock (21,617 underlying) - Award
Option to buy Common Stock
2024-08-15+47,722→ 47,722 totalExercise: $2.35Exp: 2034-08-15→ Common Stock (47,722 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of KORU Medical Systems, Inc. (the "Company") upon vesting.
- [F2]One-fourth will vest on March 15, 2025 and on each first, second and third anniversary thereof or upon an earlier change in control of the Company.
- [F3]These restricted stock units will vest based upon the achievement of certain performance conditions as of December 31, 2026. 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 restricted stock units will vest at 100% of the amount reported upon a change in control of the Company prior to December 31, 2026.
- [F4]One-fourth will vest on March 15, 2025 and on each first, second and third anniversary thereof.