Lerman Michael Stuart 4

What Happened
Michael Lerman, a director of Healthy Choice Wellness Corp. (HCWC), received 12,500 shares when a restricted stock award vested on May 25, 2026. The shares were granted/acquired at $0.00 per share (total value shown as $0 on the Form 4), reflecting compensation-based restricted stock vesting rather than a market purchase or sale.

Key Details

• Transaction type/code: Award/Acquisition (A). Vesting date: 2026-05-25. Report filed: 2026-05-27.
• Shares vested: 12,500 shares at $0.00 per share (reported value $0).
• Shares owned after transaction: 75,000 shares held outright (62,500 prior direct holdings + 12,500 vested on 5/25/26). In addition, Lerman still holds 150,000 unvested shares from a 11/12/2025 grant and 75,000 unvested shares remaining from a 2/25/2026 grant (total unvested = 225,000). Combined direct + unvested = 300,000 shares beneficially owned.
• Notable footnotes: the 2/25/2026 grant vests in eight equal quarterly installments of 12,500 shares (the 5/25/26 vesting was one installment). The 11/12/2025 grant vests in eight quarterly installments of 25,000 shares (next vesting 8/12/26). Remaining restricted shares may accelerate and vest on certain change-of-control events as described in the award agreements.
• Filing timeliness: Form 4 was filed within two business days of the vesting date, which is the typical reporting window.

Context
This was a time-based restricted stock vesting (compensation), not a market purchase or sale. Vesting increases Lerman’s direct holdings but does not necessarily indicate a buy/sell decision; remaining unvested awards continue on scheduled vesting dates unless accelerated by contract provisions (e.g., change of control).