Imunon (IMNN) GC Susan Eylward Receives Award, Then Sells 2,541 Shares

What Happened

• Susan Eylward, General Counsel and Corporate Secretary of Imunon, received 2,541 shares on 2026-07-31 as a stock award in lieu of cash salary (2,541 shares × $1.59 = $4,040). She disposed of the same 2,541 shares in an open-market sale on 2026-08-03 for approximately $3,977 (weighted average sale price $1.5651).

Key Details

• Award (A): 7/31/2026 — 2,541 shares granted at $1.59 per share (total reported value $4,040). (Footnote F1: granted in lieu of cash for portion of base salary.)
• Sale (S): 8/03/2026 — 2,541 shares sold; weighted average price $1.5651 per share, prices ranged $1.56–$1.575 (total proceeds reported $3,977). (Footnote F2: weighted average sale price; breakdown by price available on request.)
• Shares owned after the transaction: Not specified in the information provided on this Form 4 summary.
• Filing timing: Form filed 2026-08-04. Based on SEC 2-business-day reporting rules, the 7/31 award appears to have been reported after the 2-business-day window (filed one business day late), while the 8/3 sale was filed within the required period.

Context

• The stock was granted explicitly in lieu of cash salary (per F1). The immediate sale of the same shares is a routine pattern when awards replace cash compensation; the filing does not state the insider’s motivation. This is an employee/exec transaction, not an indication of institutional trading or derivative exercise.