LogicMark: VP corporate controller Erica Monique Torres sold 6,300 shares

What happened

• Erica Monique Torres, VP corporate controller, disposed of 6,300 shares to the issuer on Oct 13, 2026, at $1.31 per share for $8,253.
• The filing also reports an option exercise/conversion (code M) for 6,300 shares on Oct 13, 2026, tied to the same transaction.

Key details

• Transaction date: Oct 13, 2026; price: $1.31 per share; total proceeds reported: $8,253.
• Transaction codes: D (disposition to issuer) and M (exercise or conversion of derivative).
• Shares owned after the transaction: not reported in the Form 4.
• Footnote F1: in connection with the merger that closed on Oct 13, 2026, each outstanding stock option vested; the underlying common stock was canceled and converted into the right to receive a cash payment equal to (the excess of $1.31 over the option exercise price) times the number of shares subject to the option, less withholding taxes. Options with a per share exercise price greater than or equal to $1.31 were canceled for no consideration.
• Form 4 filed Oct 15, 2026 (period of report Oct 13, 2026).

Why it may matter

• The filing shows an option exercise/conversion and a disposition to the issuer that resulted in a cash payment rather than issuance of shares (the options and underlying stock were canceled and converted into cash per the footnote).
• This filing does not show why the insider traded or why the company acted.