Blum Susan 4

What Happened

• Susan Blum, Chief Financial Officer of CorMedix Inc. (CRMD), received a grant of 72,820 restricted stock units (RSUs) on 2026-01-23 (acquisition price $0.00).
• To satisfy tax withholding on the award, 9,767 shares were disposed/withheld at $7.27 per share, totaling $71,006. The withholding is recorded under code F (tax withholding).

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-27 (filed within the required 2 business days).
• Grant: 72,820 RSUs (acquired at $0.00).
• Withheld for taxes: 9,767 shares disposed at $7.27 each = $71,006.
• Shares owned after the transaction: not specified in the filing.
• Footnote: RSUs (granted 01/23/2026) represent the right to one share each; vesting is 1/4 at grant and then 1/4 on each of the next three anniversaries, subject to continued employment.
• Filing includes Exhibit 24.1 (Power of Attorney).

Context

• RSU grants are a form of compensation (not an open-market purchase or sale). The share withholding for taxes is a routine administrative step and is not the same as an open-market sale that signals a personal liquidity decision.
• For retail investors, this is informational about executive compensation and potential future dilution as remaining RSUs vest and convert into shares.