LogicMark VP disposes of 6,300 options in merger
The VP, Corporate Controller's options were converted into a cash right based on the spread between the $1.31 reference amount and the $1.20 exercise price.
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Rhea-AI Filing Summary
LogicMark, Inc. VP, Corporate Controller Erica Monique Torres reported 6,300 stock options with a $1.20 per-share exercise price in connection with the merger transaction that closed October 13, 2026. The options vested, and the underlying common stock was canceled and converted into a right to cash calculated using the excess of $1.31 over the exercise price, multiplied by the option shares, without interest and less applicable withholding taxes. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1 | 6,300 | -- | -- |
| Disposition | Common Stock F1 | 6,300 | $1.31 | $8K |
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
Agreement and Plan of Merger regulatory
exercise price financial
withholding taxes financial
without interest financial
FAQ
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What happened to LogicMark (LGMK) VP Erica Monique Torres's stock options?
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