Stewart Michael Paul 4

What Happened

• Stewart Michael Paul, a director of Ionetix Corp, was issued a total of 729,546 shares of Ionetix Common Stock on April 9, 2026 in connection with the company’s merger with Legacy Ionetix. The Form 4 reports two acquisitions: 132,641 shares and 596,905 shares (aggregate 729,546). No per‑share price or dollar value is reported (listed as N/A) because these shares were issued pursuant to the merger consideration rather than a cash purchase.

Key Details

• Transaction date: April 9, 2026 (Merger closing date).
• Transaction type: Award / acquisition in connection with merger (code A).
• Share counts: 132,641 and 596,905 (total 729,546 shares); price listed as N/A.
• Filing date: May 13, 2026 — the Form 4 was filed after the transaction (appears late).
• Record/ownership notes: 132,641 and 596,905 shares are held of record by MP Stewart 2 LLC and MP Stewart LLC, respectively. The reporting person has sole voting and investment power over those LLC‑held shares but disclaims beneficial ownership except to the extent of his pecuniary interest (footnotes F2, F3).
• Merger detail: Per the Merger Agreement, each outstanding share of Legacy Ionetix common stock was converted into the right to receive 0.5014 shares of the Issuer’s Common Stock (footnote F1).

Context

• This was not an open‑market purchase or sale by the insider but shares issued as merger consideration, so it reflects the transaction structure rather than insider sentiment or market timing. Because no price is reported, the economic value to the insider isn’t stated on the Form 4. The late filing delays public visibility into the insider’s change in holdings.