LogicMark, Inc.: former director Barbara Gutierrez sold 20,833 shares

What happened

• Barbara Gutierrez, former director, disposed of 20,833 shares to the issuer on Oct 13, 2026, at $1.31 per share, for $27,291. The filing also reports a related option exercise/conversion and multiple small derivative-related dispositions on the same date (prices and values listed as N/A for those items).

Key details

• Transaction date: Oct 13, 2026; reported on Form 4 filed Oct 15, 2026. Primary sale price: $1.31 per share. Total cash reported: $27,291.
• Multiple derivative transactions on Oct 13, 2026 are shown as exercises/conversions and dispositions with N/A for per-share price or total value in the filing.
• Footnote F1: in connection with a merger that closed Oct 13, 2026, each outstanding stock option vested and the underlying common stock was canceled and converted into the right to receive cash equal to (i) the excess of $1.31 over the option exercise price, multiplied by (ii) the number of shares subject to the option; options with per-share exercise price greater than or equal to $1.31 were canceled for no consideration.
• Shares owned after the transactions: not reported in the filing excerpt provided.
• No late filing flag is indicated in the information provided.

Why it may matter

• The filing shows exercised/converted options and dispositions to the issuer as part of the merger consideration (options converted into a cash payment rather than issuance or transfer of shares).
• Several small derivative-related dispositions are listed with N/A values, reflecting the mechanics described in the footnote rather than standard open-market trades.
• This filing does not show why the insider traded or why the company acted.