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

What Happened Michael H. Tardugno, Executive Chairman of Imunon, received a stock award on 2026-09-11 of 5,824 shares at an implicit price of $1.47 per share, valued at approximately $8,561. The transaction is coded as an award/grant (Form 4 code A) and the filing shows the shares were granted in lieu of cash compensation for base salary.

Key Details

• Transaction date and price: 2026-09-11 at $1.47 per share (grant).
• Shares received: 5,824; total value ≈ $8,561.
• Shares owned after transaction: Not reported in this Form 4.
• Footnote: F1 — "Stock granted in lieu of cash for base salary."
• Filing: Form 4 filed 2026-09-15 (filed within the typical 2-business-day reporting window).

Context This was a compensation-related award (non-cash) rather than an open-market purchase or sale. Awards granted in lieu of salary are common executive compensation practices and do not, by themselves, indicate the insider’s trading sentiment. The reported value is modest; there is no indication in the filing that the shares were immediately sold.