LogicMark (LGMK) board member receives grant of 667 stock options
Rhea-AI Filing Summary
LogicMark, Inc. director John Pettitt reported a grant of 667 stock options on this Form 4. The options to purchase common stock were acquired on April 1, 2025, at an exercise price of $15 per share and were received as compensation for his board service for the quarter ending March 31, 2025.
After this transaction, Pettitt beneficially owned 667 derivative securities, held directly. All share and price figures in this report have been adjusted to reflect LogicMark’s 1‑for‑750 reverse stock split that took effect on October 24, 2025.
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FAQ
What did LogicMark (LGMK) director John Pettitt report on this Form 4?
John Pettitt reported receiving 667 stock options of LogicMark, Inc. The options were acquired on April 1, 2025 as compensation for his service on the board of directors for the quarter ending March 31, 2025.
What are the key details of the stock options granted to John Pettitt by LogicMark (LGMK)?
Pettitt received 667 options to purchase common stock with an exercise price of $15 per share. The options were granted on April 1, 2025, and he held 667 derivative securities directly after the reported transaction.
Why did John Pettitt receive 667 stock options from LogicMark (LGMK)?
The 667 stock options were granted as compensation for Pettitt’s services as a member of LogicMark’s board of directors. The award covers his board service for the quarter ending March 31, 2025, aligning his compensation with company equity.
How did LogicMark’s reverse stock split affect the numbers in John Pettitt’s Form 4?
LogicMark completed a 1‑for‑750 reverse stock split on October 24, 2025. The number of common shares and prices reported in Pettitt’s Form 4 have been adjusted to reflect this split, ensuring all figures match the post‑split share structure.
What is John Pettitt’s ownership form for the LogicMark (LGMK) options reported?
The Form 4 shows that Pettitt’s 667 derivative securities are held with direct ownership. There is no indication of indirect ownership through entities such as trusts or partnerships in this report, so the options are attributed directly to him.
What type of security did John Pettitt acquire in his LogicMark (LGMK) Form 4 filing?
Pettitt acquired options to purchase common stock of LogicMark. Each option relates to one share of common stock, for a total of 667 underlying shares, with an exercise price of $15 per share as disclosed.