Damadian Timothy Raymond 4

What Happened Timothy R. Damadian, President, CEO and Treasurer of FONAR Corp (FONR), reported three prior acquisitions: two stock bonus awards and one inheritance. The filings show he acquired 15,000 shares on 2016-08-23 (award), 11,000 shares on 2017-06-21 (award), and 36,359 shares on 2022-11-08 (inheritance) — a total of 62,359 shares — each reported at $0.00 per share (total value recorded as $0). These were not open-market purchases; they were issuer awards and an inheritance.

Key Details

• Transaction dates and types:
  • 2016-08-23: Award (A) — 15,000 shares @ $0.00 (stock bonus under 2010 Stock Bonus Plan). (Footnote F1)
  • 2017-06-21: Award (A) — 11,000 shares @ $0.00 (stock bonus under 2010 Stock Bonus Plan). (Footnote F1)
  • 2022-11-08: Inheritance (W) — 36,359 shares @ $0.00. (Footnote F2)
• Total shares acquired disclosed: 62,359 shares.
• Price/value: All transactions reported at $0.00 per share (issuer grant / inheritance).
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: This Form 4 was filed 2026-06-08 disclosing delinquent transactions (the filer notes these were omitted earlier due to an inadvertent oversight). Late reporting reduces the immediacy of the disclosure for investors.

Context

• Awards and inherited shares are not market purchases or sales and do not necessarily indicate the insider’s current trading intent or market view. They are routine corporate compensation and estate transfers.
• Because these are acquisitions (awards/inheritance) rather than open-market buys, they should be interpreted differently from voluntary purchases; investors generally view reported purchases as a stronger direct signal of insider confidence.
• The late filing is a disclosure/timing issue rather than evidence about the transactions themselves, but it means investors received this information well after the actual acquisition dates.