Imunon (IMNN) Exec Chairman Michael H. Tardugno Receives Award

What Happened
Michael H. Tardugno, Executive Chairman of the Board and a director of Imunon, received an award of 7,371 shares on August 28, 2026. The shares were recorded at $1.60 each for a total value of $11,794. This was a grant/award (transaction code A) issued in lieu of cash compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-28; Price per share: $1.60; Total value: $11,794.
• Transaction type: Award/Grant (code A) — stock issued in lieu of cash for base salary (footnote F1).
• Shares owned after the transaction: Not specified in the provided filing.
• Filing: Form 4 filed 2026-09-01 (timely; within the two-business-day reporting window).
• No 10b5-1 plan, sale, or exercise noted in this transaction.

Context
Stock granted in lieu of cash salary is a routine compensation practice and does not necessarily indicate the insider is buying or selling based on a view of the company’s near-term prospects. Retail investors often view purchases as stronger signals than compensation-related grants; treat this award as part of executive pay rather than a direct market-confidence signal.