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FONAR (NASDAQ: FONR) CEO boosts holdings with inherited and bonus shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FONAR CORP President/CEO/Treasurer Timothy Raymond Damadian increased his direct holdings through inheritance and prior stock awards. On November 8, 2022, he acquired 36,359 shares of FONAR common stock by inheritance, bringing his direct ownership to 79,059 shares.

Earlier, he had received stock bonuses from the company’s 2010 Stock Bonus Plan, including 15,000 shares on August 23, 2016 and 11,000 shares on June 21, 2017, both at no cash cost. The filing shows no open-market buying or selling, only estate transfer and compensation-related awards.

Positive

  • None.

Negative

  • None.
Insider Damadian Timothy Raymond
Role President/CEO/Treasurer
Type Security Shares Price Value
W FONAR CORPORATION COMMON STOCK 36,359 $0.00 --
Grant/Award FONAR CORPORATION COMMON STOCK 11,000 $0.00 --
Grant/Award FONAR CORPORATION COMMON STOCK 15,000 $0.00 --
Holdings After Transaction: FONAR CORPORATION COMMON STOCK — 79,059 shares (Direct, null)
Footnotes (1)
  1. Stock bonus granted by the issuer under the issuer's 2010 Stock Bonus Plan. Inheritance of shares of common stock.
Inherited shares 36,359 shares FONAR common stock inherited on November 8, 2022
Shares held after inheritance 79,059 shares Direct ownership after November 8, 2022 transaction
2016 stock bonus 15,000 shares Grant on August 23, 2016 at $0.0000 per share
2017 stock bonus 11,000 shares Grant on June 21, 2017 at $0.0000 per share
Restructuring-related shares 36,359 shares Classified as inheritance by will or descent
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Acquisition or disposition by will or laws of descent and distribution financial
"transaction_code_description: Acquisition or disposition by will or laws of descent and distribution"
2010 Stock Bonus Plan financial
"Stock bonus granted by the issuer under the issuer's 2010 Stock Bonus Plan."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Damadian Timothy Raymond
(Last)(First)(Middle)
110 MARCUS DR.
(Street)
MELVILLE NEW YORK 11747
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FONAR CORP [ FONR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President/CEO/Treasurer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/23/2016		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
FONAR CORPORATION COMMON STOCK08/23/2016A15,000(1)A$027,000D
FONAR CORPORATION COMMON STOCK06/21/2017A11,000(1)A$038,000D
FONAR CORPORATION COMMON STOCK11/08/2022W36,359(2)A$079,059D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Stock bonus granted by the issuer under the issuer's 2010 Stock Bonus Plan.
2. Inheritance of shares of common stock.
Remarks:
The Reporting Person is hereby disclosing delinquent transactions reportable on Form 4 that were not reported due to an inadvertent oversight.
/s/ Timothy Raymond Damadian06/08/2026
** Signature of Reporting PersonDate
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 FONAR (FONR) report for Timothy Raymond Damadian?

FONAR reported that President and CEO Timothy Raymond Damadian acquired 36,359 shares of common stock by inheritance. This estate-related transfer increased his direct holdings without any open-market buying or selling activity disclosed in the filing.

How many FONAR (FONR) shares does Timothy Raymond Damadian hold after the reported transactions?

After the reported transactions, Timothy Raymond Damadian directly holds 79,059 shares of FONAR common stock. This total reflects the inheritance of 36,359 shares plus earlier stock bonus awards granted under the company’s 2010 Stock Bonus Plan.

Were Timothy Raymond Damadian’s FONAR (FONR) shares bought or inherited?

The latest 36,359 FONAR shares were inherited through estate transfer, not purchased. Earlier increases in his holdings came from stock bonus grants, meaning no cash was paid for these shares according to the filing details.

What stock bonuses has FONAR (FONR) granted to Timothy Raymond Damadian?

FONAR granted Timothy Raymond Damadian 15,000 shares on August 23, 2016 and 11,000 shares on June 21, 2017. Both awards were stock bonuses issued at no cash cost under the company’s 2010 Stock Bonus Plan.

Does the FONAR (FONR) Form 4 show any open-market buying or selling by Timothy Raymond Damadian?

The Form 4 does not show any open-market buying or selling by Timothy Raymond Damadian. It reports an inheritance transaction and prior stock bonus awards, all at a reported price per share of $0.0000.