Neuronetics (STIM) 10% Owner Madryn Acquires 72,500 Shares

What Happened

• Madryn Asset Management, LP (a reported 10% owner of Neuronetics, ticker STIM) was the recipient of transfers totaling 72,500 shares of Neuronetics common stock.
• The transfers occurred in two tranches: 30,000 shares on 2026-05-28 and 42,500 shares on 2026-06-15. Each line item was reported as an "other acquisition or disposition (J)" at $0.00 per share, so the reported transaction value is $0.
• These were not open‑market purchases but transfers of shares that stem from restricted stock units (RSUs) awarded as director compensation to Avinash Amin and then transferred to the Madryn Funds for no consideration.

Key Details

• Transaction dates and amounts:
  • 2026-05-28: three transfers totaling 30,000 shares (2,071; 24,658; 3,271) at $0.00.
  • 2026-06-15: three transfers totaling 42,500 shares (2,934; 34,932; 4,634) at $0.00.
• Total shares transferred to Madryn: 72,500; reported dollar value: $0.
• Shares owned after the transactions: not specified in the provided filing.
• Notable footnotes:
  • The shares derive from RSUs awarded to director Avinash Amin; the partnership agreements treat Amin as holding RSUs for the benefit of the Madryn Funds, which are entitled to the underlying shares upon vesting.
  • Madryn serves as investment advisor to the Madryn Funds; various Madryn adviser entities may be deemed to beneficially own the shares held by those funds.
  • Each transfer was made for no consideration.
• Timeliness: The May 28 transfers were included in this Form 4 filed 2026-06-17 (which appears late relative to the May 28 transaction). The June 15 transfers were filed within the typical two-business-day window (filed 2026-06-17) and therefore appear timely.

Context

• These entries reflect internal RSU vesting/allocations and transfers to affiliated funds, not open‑market buying or selling by the funds. Transfers made for no consideration (e.g., internal allocation or gifts) do not necessarily signal the trading intent of an institutional holder.
• As a reported 10% owner, Madryn is an institutional holder; this activity reflects internal ownership assignment rather than independent executive trading.