KORU Medical (KRMD) CTO granted 76,426 shares and 232,297 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KORU Medical Systems reported that its Chief Technology Officer, Eric Schiller, received new equity awards on January 2, 2026. He was granted 76,426 shares of common stock at a price of $0, described as restricted stock issued as an employment inducement award that will vest 25% annually starting on January 2, 2027. He was also granted an option to buy 232,297 shares of common stock with an exercise price of $5.7 per share, with one-fourth of the option scheduled to vest on January 2, 2027 and on each of the first, second and third anniversaries of that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schiller Eric
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to buy Common Stock | 232,297 | $0.00 | -- |
| Grant/Award | Common Stock | 76,426 | $0.00 | -- |
Holdings After Transaction:
Option to buy Common Stock — 232,297 shares (Direct);
Common Stock — 76,426 shares (Direct)
Footnotes (1)
- Represents shares of restricted stock issued as an employment inducement award that vest 25% annually commencing January 2, 2027, subject to acceleration as provided in his employment agreement. One-fourth will vest on January 2, 2027 and on each first, second and third anniversary thereof, subject to acceleration as provided in his employment agreement.
FAQ
What insider transaction did KRMD report for its CTO?
KORU Medical Systems, Inc. reported that Chief Technology Officer Eric Schiller received new equity awards on January 2, 2026, including restricted stock and stock options.
What stock option grant did KRMD’s CTO receive according to the Form 4?
He received an option to buy 232,297 shares of KRMD common stock with an exercise price of $5.7 per share, reported as acquired on January 2, 2026.
What is the vesting schedule for the KRMD stock options granted to the CTO?
For the 232,297 stock options, one-fourth will vest on January 2, 2027 and one-fourth on each of the first, second and third anniversaries of that date, subject to acceleration under his employment agreement.
Does the Form 4 indicate whether the CTO owns these KRMD awards directly or indirectly?
The Form 4 shows the 76,426 common shares and the 232,297 stock options as direct (D) ownership by Eric Schiller, with no separate entity listed for indirect ownership.