4//SEC Filing
Pazdan Christopher 4
Accession 0001161697-25-000248
CIK 0000704440other
Filed
Aug 10, 8:00 PM ET
Accepted
Aug 11, 4:25 PM ET
Size
11.5 KB
Accession
0001161697-25-000248
Insider Transaction Report
Form 4
Pazdan Christopher
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2025-05-12+21,308→ 21,308 total→ Common Stock (21,308 underlying) - Award
Option to buy Common Stock
2025-05-12+36,077→ 36,077 totalExercise: $3.21Exp: 2035-05-12→ Common Stock (36,077 underlying) - Award
Restricted Stock Units
2025-05-12+21,308→ 21,308 total→ Common Stock (21,308 underlying)
Footnotes (5)
- [F1]Each of the reported securities represent awards made pursuant to the Company's 2024 Omnibus Equity Incentive Plan in connection with the Company's 2025 Long-Term Incentive Program.
- [F2]Each restricted stock unit represents a contingent right to receive one share of KORU Medical Systems, Inc. (the "Company") upon vesting.
- [F3]One-fourth will vest on May 12, 2026 and on each first, second and third anniversary thereof or upon an earlier chance in control of the Company.
- [F4]These restricted stock units will vest based upon achievement of certain performance conditions as of December 31, 2027 or upon an earlier change in control of the Company. 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, multiplied by between 0.5 to 1.5 times of the earned number of shares. These restricted stock units will vest at 100% of the amount reported upon a change in control of the Company prior to December 31, 2027.
- [F5]One-fourth will vest on May 12, 2026 and on each first, second and third anniversary thereof.
Documents
Issuer
KORU Medical Systems, Inc.
CIK 0000704440
Entity typeother
Related Parties
1- filerCIK 0002028813
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Accepted
- Aug 11, 4:25 PM ET
- Size
- 11.5 KB