LGMK insider grant: 74,800 RSAs to CEO; post-grant 74,967 sh
Rhea-AI Filing Summary
LogicMark (LGMK) reported an insider equity grant. President and CEO/Director Chia-Lin Simmons was awarded 74,800 restricted stock awards (RSAs) at $0 on 11/03/2025 as compensation under the 2023 Stock Incentive Plan. The award vests with 1/4 on 11/03/2026, then 1/16 on the first day of each subsequent three‑month period until fully vested, contingent on continued service. Following the grant, beneficial ownership is 74,967 shares (Direct). The company completed a 1‑for‑750 reverse stock split on 10/24/2025, and reported share amounts reflect this adjustment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 74,800 | $0.00 | -- |
Footnotes (1)
- Issuable upon the vesting of a restricted stock award ("RSA"), each of which represents the right to receive one share of common stock, par value $0.0001 per share, of the issuer ("Common Stock"), subject to the vesting terms of such RSA. The RSA of 74,800 shares of Common Stock was received as compensation for the reporting person's service as an officer pursuant to the issuer's 2023 Stock Incentive Plan. The RSA is subject to vesting commencing on November 3, 2025, with 1/4 of such shares to vest on November 3, 2026, and thereafter, 1/16 of such shares to vest on the first day of each subsequent three-month period until the entire award has vested, so long as the reporting person remains in the service of the issuer for each such quarter. On October 24, 2025, the issuer effected a one-for-seven hundred fifty reverse stock split of the issuer's outstanding shares of Common Stock (the "Reverse Stock Split"). The number of shares of Common Stock reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
FAQ
What insider transaction did LogicMark (LGMK) report?
What is the vesting schedule for the 74,800 RSAs at LGMK?
What is Chia-Lin Simmons’ ownership after the transaction?
Did LogicMark conduct a reverse stock split affecting these figures?
What roles does the reporting person hold at LogicMark (LGMK)?
Which plan governs the RSA grant at LGMK?