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LogicMark: Kirtan Patel reports 5.6% ownership

Patel said he opposed the proposed merger and sent LogicMark notices of intent to demand payment for his shares under Nevada law.

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Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

LogicMark, Inc. (LGMK) reporting person Kirtan Sanjaykumar Patel, identified as a private investor, reported beneficial ownership of 50,000 shares, or 5.6%, based on 899,759 shares outstanding as reported in the company’s definitive proxy statement dated September 9, 2026. The reported shares include 15,000 held directly, 15,000 in a Roth 401(k), and 20,000 held by a limited liability company; Patel disclaims beneficial ownership of the LLC-held shares except to the extent of his pecuniary interest.

Patel stated that the 50,000 shares were acquired in open-market purchases for an aggregate purchase price of approximately $175,706. He also reported selling 1,080 shares on September 29, 2026, including 320 held in a retirement account, at prices ranging from $1.03 to $1.04 per share in open-market transactions on the OTC market. In connection with the proposed merger, Patel said he voted against it and sent LogicMark notices of intent to demand payment for his shares under Nevada Revised Statutes 92A.300 to 92A.500.

Beneficially owned shares 50,000 shares Reported by Kirtan Sanjaykumar Patel
Ownership percentage 5.6% Based on 899,759 shares outstanding as reported in the definitive proxy statement dated September 9, 2026
Shares outstanding 899,759 shares As reported in LogicMark’s definitive proxy statement dated September 9, 2026
Aggregate purchase price Approximately $175,706 For the reported 50,000 shares acquired in open-market purchases
Shares sold 1,080 shares September 29, 2026; includes 320 shares held in a retirement account
Sale price $1.03 to $1.04 per share Open-market transactions on September 29, 2026
beneficial ownership financial
"aggregate amount beneficially owned by each reporting person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole dispositive power financial
"Sole Dispositive Power 50,000.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
charitable remainder unitrust financial
"wholly owned by a charitable remainder unitrust"
notices of intent to demand payment regulatory
"written notices of intent to demand payment for the shares"
open-market transactions financial
"sold an aggregate of 1,080 shares of Common Stock in open-market transactions"
Open-market transactions are purchases or sales of a company’s securities that take place on public exchanges rather than through private agreements. They matter to investors because these trades change the number of shares available, can move the stock price, and often signal management’s view of the company’s value—like a store restocking or clearing shelves, altering supply and the price shoppers see.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What beneficial ownership did Kirtan Patel report in LGMK?

Patel reported beneficial ownership of 50,000 LGMK common shares, equal to 5.6% based on 899,759 shares outstanding as reported in LogicMark’s definitive proxy statement dated September 9, 2026. The reported shares include 15,000 held directly, 15,000 in a Roth 401(k), and 20,000 held by a limited liability company.

How many LGMK shares did Patel sell, and at what price?

Patel reported selling 1,080 shares on September 29, 2026, including 320 shares held in a retirement account for his benefit. The shares were sold in open-market transactions on the OTC market at prices ranging from $1.03 to $1.04 per share.

How did Patel respond to the proposed LogicMark merger?

Patel stated that he voted against the proposed merger and sent LogicMark written notices of intent to demand payment for his shares under Nevada Revised Statutes 92A.300 to 92A.500.

How much did Patel pay for the reported LGMK shares?

The reported 50,000 shares were acquired in open-market purchases for an aggregate purchase price of approximately $175,706. The purchases were made on various dates, using funds from Patel personally, his Roth 401(k) account, and the limited liability company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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67091J800

(CUSIP Number)
Kirtan S. Patel
15257 Amberly Dr, Ste 172
Tampa, FL, 33647
8137085845

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
12/31/2025

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The beneficial ownership percentage is based on 899,759 shares of Common Stock outstanding as reported in the Issuer's definitive proxy statement dated September 9, 2026. The shares reported include 15,000 shares held in a Roth 401(k) account for the benefit of the Reporting Person and 20,000 shares held by a limited liability company wholly owned by a charitable remainder unitrust, of which the Reporting Person is the manager and trustee, respectively.


SCHEDULE 13D


Patel Kirtan Sanjaykumar
Signature:/s/ Kirtan Sanjaykumar Patel
Name/Title:Kirtan Sanjaykumar Patel
Date:10/02/2026

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