STOCK TITAN

[Form 4] KORU Medical Systems, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Linda M. Tharby, who serves as President, CEO and a director of KORU Medical Systems (KRMD), was awarded equity under the company’s 2024 Omnibus Equity Incentive Plan as part of the 2025 Long-Term Incentive Program. The awards reported include 55,911 restricted stock units that vest one-fourth on May 12, 2026 and annually thereafter, 111,729 performance-based restricted stock units payable at target (the payout may range from 0%-150% of the reported amount and is further multiplied by 0.5x–1.5x depending on performance) that vest based on achievement as of December 31, 2027, and an option to buy 94,772 shares at a $3.21 exercise price expiring May 12, 2035 with one-fourth vesting annually beginning May 12, 2026.

The transaction date for these awards is reported as 05/12/2025. The filing notes that vesting may accelerate upon a change in control and clarifies the reported RSU amounts represent contingent rights or target awards rather than immediately issued shares.

Linda M. Tharby, che ricopre la carica di presidente, CEO e membro del consiglio di KORU Medical Systems (KRMD), ha ricevuto azioni ai sensi del Piano Omnibus di Incentivi Azionari 2024 nell'ambito del Programma di Incentivi a Lungo Termine 2025. Le assegnazioni comprendono 55,911 restricted stock units che maturano per un quarto il 12 maggio 2026 e annualmente in seguito, 111,729 restricted stock units basate sulle prestazioni pagabili al livello target (la liquidazione può variare dal 0%-150% dell'importo indicato e viene ulteriormente moltiplicata per un fattore di 0.5x–1.5x in base alle prestazioni) che maturano in funzione del raggiungimento degli obiettivi al 31 dicembre 2027, e un opzione di acquisto di 94,772 azioni con prezzo di esercizio di $3.21 e scadenza il 12 maggio 2035, la cui maturazione avviene per un quarto ogni anno a partire dal 12 maggio 2026.

La data dell'operazione per queste assegnazioni è indicata come 12/05/2025. La documentazione precisa che la maturazione può accelerare in caso di cambio di controllo e chiarisce che gli importi RSU riportati rappresentano diritti condizionati o premi target e non azioni immediatamente emesse.

Linda M. Tharby, que ocupa el cargo de President, CEO and a director de KORU Medical Systems (KRMD), recibió una asignación de capital según el 2024 Omnibus Equity Incentive Plan como parte del Programa de Incentivos a Largo Plazo 2025. Los otorgamientos informados incluyen 55,911 unidades de acciones restringidas que se consolidan en una cuarta parte el 12 de mayo de 2026 y anualmente después, 111,729 unidades de acciones restringidas basadas en rendimiento pagaderas al objetivo (el pago puede oscilar entre el 0%-150% de la cantidad informada y se multiplica además por 0.5x–1.5x según el desempeño) que se consolidan en función del logro al 31 de diciembre de 2027, y una opción para comprar 94,772 acciones a un precio de ejercicio de $3.21 con vencimiento el 12 de mayo de 2035, con una consolidación de una cuarta parte anual a partir del 12 de mayo de 2026.

La fecha de la transacción para estos premios figura como 12/05/2025. La presentación indica que la consolidación puede acelerarse en caso de cambio de control y aclara que las cantidades de RSU informadas representan derechos contingentes o premios objetivo y no acciones emitidas de inmediato.

KORU Medical Systems (KRMD)에서 사장, CEO 및 이사로 재직 중인 Linda M. Tharby는 2025 장기 인센티브 프로그램의 일환으로 회사의 2024 종합(Omnibus) 주식 인센티브 플랜에 따라 지분을 부여받았습니다. 보고된 수여 내용에는 55,911개의 제한된 주식 단위(Restricted Stock Units)가 포함되며, 이들은 2026년 5월 12일에 4분의 1이 권리 확정(vest)되고 이후 매년 확정됩니다. 또한 111,729개의 성과 기반 제한 주식 단위가 목표 수준에서 지급되며(지급액은 보고된 금액의 0%-150% 범위이고 성과에 따라 추가로 0.5x–1.5x로 곱해짐) 이는 2027년 12월 31일 기준 성과 달성에 따라 확정됩니다. 아울러 94,772주를 매수할 수 있는 옵션이 있으며 행사가격 $3.21, 만료일은 2035년 5월 12일이고 해당 옵션은 2026년 5월 12일부터 매년 4분의 1씩 권리 확정됩니다.

이 수여의 거래일은 05/12/2025로 보고되어 있습니다. 서류는 지배구조 변경 시 권리 확정(vesting)이 가속될 수 있음을 명시하며 보고된 RSU 수량은 즉시 발행된 주식이 아니라 조건부 권리 또는 목표 할당(target awards)을 나타낸다고 설명합니다.

Linda M. Tharby, qui occupe les fonctions de présidente, CEO et administratrice de KORU Medical Systems (KRMD), s'est vue attribuer des actions dans le cadre du 2024 Omnibus Equity Incentive Plan dans le cadre du Programme d'incitation à long terme 2025. Les attributions déclarées comprennent 55,911 unités d'actions restreintes qui se répartissent pour un quart le 12 mai 2026 puis annuellement, 111,729 unités d'actions restreintes basées sur la performance payables au niveau cible (le paiement peut varier de 0%-150% du montant déclaré et est en outre multiplié par 0.5x–1.5x selon la performance) qui se concrétisent en fonction des résultats au 31 décembre 2027, et une option d'achat de 94,772 actions au prix d'exercice de $3.21 expirant le 12 mai 2035, dont le vesting s'effectue par quart annuel à partir du 12 mai 2026.

La date de la transaction pour ces attributions est indiquée comme 12/05/2025. le dossier précise que le vesting peut être accéléré en cas de changement de contrôle et clarifie que les montants RSU déclarés représentent des droits conditionnels ou des attributions cibles et non des actions émises immédiatement.

Linda M. Tharby, die als Präsidentin, CEO und Direktorin von KORU Medical Systems (KRMD) tätig ist, erhielt im Rahmen des 2025 Long-Term Incentive Program Aktienzuteilungen nach dem 2024 Omnibus Equity Incentive Plan. Die gemeldeten Zuteilungen umfassen 55,911 Restricted Stock Units, die zu einem Viertel am 12. Mai 2026 und danach jährlich vesten, 111,729 leistungsabhängige Restricted Stock Units, zahlbar beim Zielwert (die Auszahlung kann zwischen 0%-150% des gemeldeten Betrags liegen und wird je nach Leistung zusätzlich mit 0.5x–1.5x multipliziert), die auf der Grundlage der Zielerreichung zum 31. Dezember 2027 vesten, sowie eine Option zum Kauf von 94,772 Aktien mit einem Ausübungspreis von $3.21, die am 12. Mai 2035 verfällt und deren Vesting zu einem Viertel jährlich ab dem 12. Mai 2026 erfolgt.

Als Transaktionsdatum für diese Zuteilungen ist der 12.05.2025 angegeben. Die Einreichung weist darauf hin, dass das Vesting bei einem Kontrollwechsel beschleunigt werden kann, und stellt klar, dass die gemeldeten RSU-Beträge bedingte Rechte bzw. Zielzuteilungen darstellen und nicht sofort ausgegebene Aktien sind.

Positive
  • Grants align executive incentives by combining time-based RSUs, performance-based RSUs, and stock options to promote long-term value creation
  • Performance-based component (111,729 RSUs at target with a 0%-150% payout and 0.5x–1.5x multiplier) explicitly ties reward to multi-year outcomes
Negative
  • None.

Insights

TL;DR: Routine CEO equity grants emphasize long-term alignment and include performance features; not unusually dilutive on their face.

The grants are typical of executive compensation designs, combining time-based and performance-based restricted stock units plus an option. Time-based vesting (one-fourth annually) promotes retention while performance-based RSUs align pay with multi-year outcomes through a 0%-150% payout band and an additional 0.5x–1.5x multiplier as stated. The filing explicitly states change-in-control acceleration for vesting. From a governance perspective, disclosures are clear on structure and contingencies; the materiality to shareholders depends on overall share count and past disclosure of equity run-rate, which are not provided in this statement.

TL;DR: Mix of 167,640 RSU target awards and 94,772 options at $3.21 ties compensation to performance and future stock value.

The reported packages total 167,640 restricted stock units at target (55,911 time-based; 111,729 performance-based) plus 94,772 options with a $3.21 exercise price and a May 12, 2035 expiration. The performance RSUs explicitly allow a 0%-150% payout and an additional multiplier range, which creates a broad range for realized pay depending on performance outcomes. The option strike and ten-year term are typical for long-term retention. This is a compensation-focused filing without operational or financial performance disclosures beyond the grant mechanics.

Linda M. Tharby, che ricopre la carica di presidente, CEO e membro del consiglio di KORU Medical Systems (KRMD), ha ricevuto azioni ai sensi del Piano Omnibus di Incentivi Azionari 2024 nell'ambito del Programma di Incentivi a Lungo Termine 2025. Le assegnazioni comprendono 55,911 restricted stock units che maturano per un quarto il 12 maggio 2026 e annualmente in seguito, 111,729 restricted stock units basate sulle prestazioni pagabili al livello target (la liquidazione può variare dal 0%-150% dell'importo indicato e viene ulteriormente moltiplicata per un fattore di 0.5x–1.5x in base alle prestazioni) che maturano in funzione del raggiungimento degli obiettivi al 31 dicembre 2027, e un opzione di acquisto di 94,772 azioni con prezzo di esercizio di $3.21 e scadenza il 12 maggio 2035, la cui maturazione avviene per un quarto ogni anno a partire dal 12 maggio 2026.

La data dell'operazione per queste assegnazioni è indicata come 12/05/2025. La documentazione precisa che la maturazione può accelerare in caso di cambio di controllo e chiarisce che gli importi RSU riportati rappresentano diritti condizionati o premi target e non azioni immediatamente emesse.

Linda M. Tharby, que ocupa el cargo de President, CEO and a director de KORU Medical Systems (KRMD), recibió una asignación de capital según el 2024 Omnibus Equity Incentive Plan como parte del Programa de Incentivos a Largo Plazo 2025. Los otorgamientos informados incluyen 55,911 unidades de acciones restringidas que se consolidan en una cuarta parte el 12 de mayo de 2026 y anualmente después, 111,729 unidades de acciones restringidas basadas en rendimiento pagaderas al objetivo (el pago puede oscilar entre el 0%-150% de la cantidad informada y se multiplica además por 0.5x–1.5x según el desempeño) que se consolidan en función del logro al 31 de diciembre de 2027, y una opción para comprar 94,772 acciones a un precio de ejercicio de $3.21 con vencimiento el 12 de mayo de 2035, con una consolidación de una cuarta parte anual a partir del 12 de mayo de 2026.

La fecha de la transacción para estos premios figura como 12/05/2025. La presentación indica que la consolidación puede acelerarse en caso de cambio de control y aclara que las cantidades de RSU informadas representan derechos contingentes o premios objetivo y no acciones emitidas de inmediato.

KORU Medical Systems (KRMD)에서 사장, CEO 및 이사로 재직 중인 Linda M. Tharby는 2025 장기 인센티브 프로그램의 일환으로 회사의 2024 종합(Omnibus) 주식 인센티브 플랜에 따라 지분을 부여받았습니다. 보고된 수여 내용에는 55,911개의 제한된 주식 단위(Restricted Stock Units)가 포함되며, 이들은 2026년 5월 12일에 4분의 1이 권리 확정(vest)되고 이후 매년 확정됩니다. 또한 111,729개의 성과 기반 제한 주식 단위가 목표 수준에서 지급되며(지급액은 보고된 금액의 0%-150% 범위이고 성과에 따라 추가로 0.5x–1.5x로 곱해짐) 이는 2027년 12월 31일 기준 성과 달성에 따라 확정됩니다. 아울러 94,772주를 매수할 수 있는 옵션이 있으며 행사가격 $3.21, 만료일은 2035년 5월 12일이고 해당 옵션은 2026년 5월 12일부터 매년 4분의 1씩 권리 확정됩니다.

이 수여의 거래일은 05/12/2025로 보고되어 있습니다. 서류는 지배구조 변경 시 권리 확정(vesting)이 가속될 수 있음을 명시하며 보고된 RSU 수량은 즉시 발행된 주식이 아니라 조건부 권리 또는 목표 할당(target awards)을 나타낸다고 설명합니다.

Linda M. Tharby, qui occupe les fonctions de présidente, CEO et administratrice de KORU Medical Systems (KRMD), s'est vue attribuer des actions dans le cadre du 2024 Omnibus Equity Incentive Plan dans le cadre du Programme d'incitation à long terme 2025. Les attributions déclarées comprennent 55,911 unités d'actions restreintes qui se répartissent pour un quart le 12 mai 2026 puis annuellement, 111,729 unités d'actions restreintes basées sur la performance payables au niveau cible (le paiement peut varier de 0%-150% du montant déclaré et est en outre multiplié par 0.5x–1.5x selon la performance) qui se concrétisent en fonction des résultats au 31 décembre 2027, et une option d'achat de 94,772 actions au prix d'exercice de $3.21 expirant le 12 mai 2035, dont le vesting s'effectue par quart annuel à partir du 12 mai 2026.

La date de la transaction pour ces attributions est indiquée comme 12/05/2025. le dossier précise que le vesting peut être accéléré en cas de changement de contrôle et clarifie que les montants RSU déclarés représentent des droits conditionnels ou des attributions cibles et non des actions émises immédiatement.

Linda M. Tharby, die als Präsidentin, CEO und Direktorin von KORU Medical Systems (KRMD) tätig ist, erhielt im Rahmen des 2025 Long-Term Incentive Program Aktienzuteilungen nach dem 2024 Omnibus Equity Incentive Plan. Die gemeldeten Zuteilungen umfassen 55,911 Restricted Stock Units, die zu einem Viertel am 12. Mai 2026 und danach jährlich vesten, 111,729 leistungsabhängige Restricted Stock Units, zahlbar beim Zielwert (die Auszahlung kann zwischen 0%-150% des gemeldeten Betrags liegen und wird je nach Leistung zusätzlich mit 0.5x–1.5x multipliziert), die auf der Grundlage der Zielerreichung zum 31. Dezember 2027 vesten, sowie eine Option zum Kauf von 94,772 Aktien mit einem Ausübungspreis von $3.21, die am 12. Mai 2035 verfällt und deren Vesting zu einem Viertel jährlich ab dem 12. Mai 2026 erfolgt.

Als Transaktionsdatum für diese Zuteilungen ist der 12.05.2025 angegeben. Die Einreichung weist darauf hin, dass das Vesting bei einem Kontrollwechsel beschleunigt werden kann, und stellt klar, dass die gemeldeten RSU-Beträge bedingte Rechte bzw. Zielzuteilungen darstellen und nicht sofort ausgegebene Aktien sind.

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*
Tharby Linda M

(Last) (First) (Middle)
C/O KORU MEDICAL SYSTEMS, INC.
100 CORPORATE DRIVE

(Street)
MAHWAH NJ 07430

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KORU Medical Systems, Inc. [ KRMD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2025
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
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
Restricted Stock Units(1) (2) 05/12/2025 A(1) 55,911 (3) (3) Common Stock 55,911 $0 55,911 D
Restricted Stock Units(1) (2) 05/12/2025 A(1) 111,729 (4) (4) Common Stock 111,729 $0 111,729 D
Option to buy Common Stock(1) $3.21 05/12/2025 A(1) 94,772 (5) 05/12/2035 Common Stock 94,772 $0 94,772 D
Explanation of Responses:
1. Each of the reported securities represent awards made pursuant to the Company's 2024 Omnibus Equity Incentive Plan in connection with the Company's 2025 Long-Term Incentive Program.
2. Each restricted stock unit represents a contingent right to receive one share of KORU Medical Systems, Inc. (the "Company") upon vesting.
3. One-fourth will vest on May 12, 2026 and on each first, second and third anniversary thereof or upon an earlier change in control of the Company.
4. These restricted stock units will vest based upon achievement of certain performance conditions as of December 31, 2027 or upon an earlier change in control of the Company. The amount reported represents the amount of shares payable at target performance; the Reporting Person could earn 0%-150% of the amount reported depending on the level of performance achieved, multiplied by between 0.5 to 1.5 times of the earned number of shares. These restricted stock units will vest at 100% of the amount reported upon a change in control of the Company prior to December 31, 2027.
5. One-fourth will vest on May 12, 2026 and on each first, second and third anniversary thereof.
Remarks:
The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person. Power of Attorney has been previously filed.
/s/ Thomas Adams-Attorney-in- Fact 08/07/2025
** 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

What equity awards did KORU Medical (KRMD) report for its CEO on the Form 4?

The Form 4 reports 55,911 time-based restricted stock units, 111,729 performance-based restricted stock units (target), and an option to buy 94,772 shares.

When were the transactions dated for the KRMD awards?

The awards are reported with a transaction date of 05/12/2025.

What are the key vesting and performance terms for the RSUs?

One-fourth of the time-based RSUs and the option vest on May 12, 2026 and annually thereafter; the performance RSUs vest based on achievement as of December 31, 2027 with payouts of 0%-150% of target and an additional 0.5x–1.5x multiplier as described.

What is the exercise price and expiration for the reported option?

The reported option has an exercise price of $3.21 and an expiration date of May 12, 2035.

Does the filing say what happens to vesting on a change in control?

Yes. The filing states that the time-based RSUs, performance RSUs and options vest upon an earlier change in control as described in the award terms.
Koru Med Sys

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Medical Instruments & Supplies
Surgical & Medical Instruments & Apparatus
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United States
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