LogicMark former director disposes of 20,833 shares
The merger terms canceled options with exercise prices at or above $1.31 for no consideration.
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Rhea-AI Filing Summary
LogicMark, Inc. former director Barbara Gutierrez reported disposing of 20,833 common shares on October 13, 2026, at a reported $1.31 per share; her reported direct common-share holdings afterward were zero. The merger transaction closed on that date.
On the same date, she also reported a derivative exercise or conversion involving 20,833 stock options with a $1.20 exercise price. The merger terms state that each outstanding option vested and its underlying common stock was canceled in exchange for a cash amount calculated as the excess of $1.31 over the option’s exercise price, multiplied by the shares subject to that option, without interest and less applicable withholding taxes. 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 | 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 | 20,833 | $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
vested financial
withholding taxes financial
Agreement and Plan of Merger regulatory
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