CorMedix (CRMD) CLO Beth Zelnick Kaufman Withholds 8,424 Shares

What Happened

• Beth Zelnick Kaufman, Chief Legal Officer of CorMedix (CRMD), had 8,424 shares withheld to satisfy tax liabilities related to an option exercise. The shares were valued at $8.30 each, for a total of about $69,919.
• This was a tax-withholding/settlement transaction (code F), not an open-market sale — a routine administrative step following an options exercise rather than a directional bet on the stock.

Key Details

• Transaction date: August 29, 2026; Filing date (Form 4): September 1, 2026.
• Price per share: $8.30; Shares withheld/disposed: 8,424; Approximate value: $69,919.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Filing timeliness: No late filing flag indicated in the provided data.
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.

Context

• This appears to be a cashless tax-withholding following an option exercise (common practice). Because shares were withheld to cover taxes rather than sold on the open market, this transaction offers limited insight into the insider’s market view.