LogicMark former director disposes of 20,834 shares
Merger terms provide cash rights for options priced below $1.31 and no consideration for options priced at or above $1.31.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
LogicMark, Inc. reported former director Curtis Robert Arthur disposed of 20,834 common shares on October 13, 2026, at $1.31 per share, leaving zero direct shares. It also records conversion of a stock option covering 20,833 shares at a $1.20 exercise price. Under the merger terms, options vested and underlying shares were canceled for a company-funded cash right calculated as the excess of $1.31 over the exercise price, multiplied by option shares, less applicable withholding taxes. Options priced at $1.31 or higher 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 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| Disposition | Stock Option F1 | 1 | -- | -- |
| 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
exercise price financial
vested financial
without interest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What happened to Curtis Robert Arthur's LGMK options in the merger?
AI-generated analysis. How Rhea-AI works. Not financial advice.
