DYNT Form 4: Director Essig issued 960,655 direct, 192,806 indirect

Rhea-AI Filing Summary

Stuart M. Essig, a director of Dynatronics Corp (DYNT), reported share issuances dated 10/01/2025 on a Form 4 filed for one reporting person. The filing shows two non-derivative common-stock transactions coded J (payment of dividends in shares): 960,655 shares acquired directly and 192,806 shares acquired indirectly through a Family Trust. After these transactions the filing lists beneficial ownership of 4,520,419 shares (direct) and 888,422 shares (indirect). The share issuances resulted from payment of quarterly dividends on 8% preferred stock at an effective value of $0.0593 per share, where common shares were issued at 90% of the 10-day average closing bid price. The form is signed and dated 10/03/2025.

Positive

• 960,655 shares acquired directly by the director via dividend issuance
• 192,806 shares acquired indirectly through a Family Trust via dividend issuance
• Post-transaction beneficial ownership reported as 4,520,419 (direct) and 888,422 (indirect)

Negative

• None.

Insights

Corporate Governance Analyst

Director received dividend shares: 960,655 direct, 192,806 indirect

The Form 4 documents that Stuart M. Essig increased both his direct and indirect common-stock holdings on 10/01/2025 via a dividend-in-kind conversion (Code J), not an open-market purchase.

This matters because the shares were issued under a dividend mechanism tied to the company’s 8% preferred stock terms at $0.0593 per share (shares issued at 90% of a 10-day average bid), which increases insider share counts without a cash outlay and reflects capital structure mechanics disclosed by the issuer.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ESSIG STUART

(Last) (First) (Middle)

512 WEST MLK JR. BLVD #320

(Street)

AUSTIN TX 78701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DYNATRONICS CORP [ DYNT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		J		960,655	A	(1)	4,520,419	D
Common Stock	10/01/2025		J		192,806	A	(1)	888,422	I	Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. $0.0593 per share, payment of quarterly dividends on 8% Preferred Stock in shares of common stock valued at 90% of 10-day average closing bid price.

	/s/ Stuart M Essig	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for DYNT?

Stuart M. Essig, a director of Dynatronics Corp, filed the Form 4.

What transactions are reported on the DYNT Form 4 dated 10/01/2025?

Two non-derivative common stock issuances coded J: 960,655 shares direct and 192,806 shares indirect (Family Trust).

Why were the shares issued to the reporting person?

Shares were issued as payment of quarterly dividends on 8% preferred stock, converted into common at an effective price of $0.0593 per share and at 90% of the 10-day average closing bid price.

What is the reporting person’s ownership after the transactions?

The filing shows 4,520,419 shares beneficially owned directly and 888,422 shares indirectly following the transactions.

When was the Form 4 signed?

The Form 4 is signed by Stuart M. Essig and dated 10/03/2025.