Tharby Linda M 4
4 · KORU Medical Systems, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
KORU Medical CEO Linda Tharby Receives 13,977 Shares on RSU Vesting
What Happened Linda M. Tharby, CEO of KORU Medical Systems, had 13,977 shares issued to her upon the vesting of restricted stock units (RSUs) on 2026-05-14 (reported as an M-code exercise/conversion). Of those shares, 7,326 were immediately withheld to cover tax obligations at $3.94 per share, a disposition valued at about $28,864. The issued shares show an acquisition price of $0 because they were granted as vested RSUs.
Key Details
- Transaction date: 2026-05-14; Filing date: 2026-05-19 (appears to be filed one business day late under Section 16 timing rules).
- Shares received (vested): 13,977 shares (code M / footnote F1 indicates RSU vesting).
- Shares withheld for taxes: 7,326 shares at $3.94 each, total ~$28,864 (code F / footnote F2 indicates withholding to satisfy tax liabilities).
- Reported acquisition cost for vested shares: $0 (typical for RSU vesting).
- Shares owned after the transaction: Not specified in this filing.
- Remarks: Filing notes a previously filed Power of Attorney; filing also includes the standard non-admission language.
Context This was not an open-market purchase or sale: the primary event was RSU vesting (an award converting to shares). The "disposition" here reflects shares withheld to satisfy taxes—not a market sale—so it is a routine administrative step rather than a directional trade signal. Purchases by insiders can be more informative than routine vesting; this filing documents compensation-related issuance and tax withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-14+13,977→ 626,757 total - Tax Payment
Common Stock
[F2]2026-05-14$3.94/sh−7,326$28,864→ 619,431 total
Footnotes (2)
- [F1]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.
- [F2]Represents shares withheld to satisfy tax obligations upon vesting of restricted stock units.