LogicMark: Schneider disposes of 20,834 shares
Merger terms set cash consideration using a $1.31 per-share value, with options priced at or above that amount canceled for no consideration.
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Rhea-AI Filing Summary
LogicMark, Inc. former director Carine Schneider reported exercising 20,833 stock options at a $1.20 exercise price and disposing to the issuer of 20,834 common shares at $1.31 per share on October 13, 2026; her directly held common shares after the transaction were zero.
The merger closed that day. Its terms provided cash from company funds equal to the excess of $1.31 over each option’s exercise price, multiplied by the shares subject to the option, less applicable withholding taxes and without interest. Options with exercise prices at or above $1.31 were canceled for no consideration.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1 | 20,833 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 4 | -- | -- |
| Disposition | Stock Option F1 | 9 | -- | -- |
| Disposition | Stock Option F1 | 667 | -- | -- |
| Disposition | Stock Option F1 | 3,334 | -- | -- |
| Disposition | Stock Option F1 | 4,167 | -- | -- |
| Disposition | Common Stock F1 | 20,834 | $1.31 | $27K |
Footnotes (1)
- F1. In connection with the consummation of the transaction contemplated by the Agreement and Plan of Merger, dated as of July 31, 2026, by and among LogicMark, Inc., Langham Project, LLC, and Langham Merger Sub, Inc., which transaction closed on October 13, 2026, each outstanding stock option of the Company vested and the underlying common stock was canceled and converted into the right to receive an amount in cash paid from Company funds equal to the product of (i) the excess of (1) $1.31 over (2) the exercise price per share of option, and (ii) the total number of shares of Common Stock subject to such option, without interest and less any applicable withholding taxes. Each option with a per share exercise price greater than or equal to $1.31 was canceled for no consideration.
Key Figures
Key Terms
withholding taxes financial
vested financial
FAQ
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What did former LogicMark (LGMK) director Carine Schneider report?
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