What triggered the tax-withholding share forfeiture reported by Electromed (ELMD)?

The forfeiture was triggered by the vesting of previously awarded restricted stock. When these restricted shares vested, a portion—674 shares—was automatically withheld to satisfy associated tax obligations, as detailed in the Form 4 footnote.

Electromed (ELMD) CFO forfeits shares to cover restricted stock taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Electromed, Inc. Chief Financial Officer Bradley M. Nagel reported a small share disposition related to taxes, not an open-market trade. On the reported date, 674 shares of common stock were forfeited at $42.30 per share to cover tax withholding when previously awarded restricted stock vested. After this tax-withholding event, Nagel directly held 18,964 shares of Electromed common stock, indicating the transaction was routine and left his overall ownership largely unchanged.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nagel Bradley M.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	674	$42.30	$29K

Holdings After Transaction: Common Stock — 18,964 shares (Direct, null)

Footnotes (1)

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Key Figures

Tax-withholding shares: 674 shares Valuation per share: $42.30 per share Shares held after transaction: 18,964 shares

3 metrics

Tax-withholding shares 674 shares Shares forfeited to satisfy tax withholding on vested restricted stock

Valuation per share $42.30 per share Value applied to the 674 forfeited shares for tax withholding

Shares held after transaction 18,964 shares CFO Bradley M. Nagel’s direct Electromed common stock holdings post-transaction

Key Terms

restricted stock, tax withholding obligations, tax-withholding disposition

3 terms

restricted stock financial

"in connection with vesting of previously awarded shares of restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding obligations financial

"shares forfeited to satisfy tax withholding obligations in connection with vesting"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:03 PM Accepted by SEC EDGAR 07/02/2026 - 04:02 PM

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nagel Bradley M.

(Last)

(First)

(Middle)

500 SIXTH AVENUE NW

(Street)

NEW PRAGUE

MINNESOTA

56071

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Electromed, Inc. [ ELMD ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		F		674⁽¹⁾	D	$42.3	18,964	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares forfeited to satisfy tax withholding obligations in connection with vesting of previously awarded shares of restricted stock.

	/s/ Joshua L. Colburn, Attorney-in-Fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Electromed (ELMD) report for CFO Bradley Nagel?

Electromed reported that CFO Bradley M. Nagel forfeited shares to cover tax withholding on vested restricted stock. This was a non-market transaction, recorded as a routine tax-withholding disposition rather than a voluntary open-market purchase or sale.

How many Electromed (ELMD) shares were used for tax withholding in this Form 4?

The filing shows 674 shares of Electromed common stock were forfeited to satisfy tax withholding obligations. These shares relate to the vesting of previously granted restricted stock awards and were not sold on the open market to outside investors.

At what price were the Electromed (ELMD) shares valued for the tax withholding?

The 674 Electromed shares used for tax withholding were valued at $42.30 per share. This value is used in the filing to calculate the amount applied toward the tax obligation on the vesting restricted stock grant.

How many Electromed (ELMD) shares does CFO Bradley Nagel hold after this transaction?

After the tax-withholding disposition, CFO Bradley M. Nagel directly holds 18,964 shares of Electromed common stock. This post-transaction figure indicates he retains a significant personal stake despite the small number of shares forfeited for taxes.

Was the Electromed (ELMD) Form 4 transaction an open-market sale by the CFO?

No. The Form 4 describes a tax-withholding disposition, where 674 shares were forfeited to cover taxes on vested restricted stock. The shares were not sold in the open market and do not represent a discretionary sale by the CFO.