PETTITT JOHN P 4
4 · LogicMark, Inc. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
LogicMark (LGMK) Director John P. Pettitt Receives 667-Share Award
What Happened
John P. Pettitt, a director of LogicMark, was granted a derivative award on April 1, 2025, covering 667 shares (reported acquisition price $0.00). The filing identifies the award as stock options issued as compensation for his board service for the quarter ended March 31, 2025. The Form 4 numbers have been adjusted to reflect a 1-for-750 reverse stock split effective October 24, 2025.
Key Details
- Transaction date: 2025-04-01; reported as a grant/award (derivative) of 667 shares at $0.00.
- Nature of award: Footnote states these were stock options granted as compensation for board service (quarter ended 3/31/2025).
- Reverse split: Footnote notes a 1-for-750 reverse split (effective 10/24/2025); shares and prices on the Form 4 are adjusted to reflect that split.
- Shares owned after transaction: Not specified in the provided filing details.
- Timeliness: The Form 4 was filed on 2026-02-05 for a 2025-04-01 transaction — this filing appears late, which reduces near-term transparency.
Context
This was a compensation-related derivative grant (stock options), not an open-market purchase or sale. Such awards are common for directors and reflect compensation rather than a direct bullish purchase of stock. The filing shows $0.00 as the reported acquisition price but does not provide vesting, exercise price, or immediate sale details; those terms determine future economic value and potential dilution. For retail investors, purchases by insiders are often more directly informative about sentiment; grants mainly reflect pay practices.
Insider Transaction Report
- Award
Options to Purchase
[F1][F2]2025-04-01+667→ 667 totalExercise: $15.00From: 2025-04-01Exp: 2035-03-31→ Common Stock (667 underlying)
Footnotes (2)
- [F1]On October 24, 2025, the issuer effected a 1-for-750 reverse stock split (the "Reverse Stock Split") of the issuer's outstanding shares of common stock, par value $0.0001 per share (the "Common Stock"). The number of shares of Common Stock and prices reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
- [F2]The stock options were received as compensation for the reporting person's services as a member of the board of directors of the issuer for the quarter ending March 31, 2025.