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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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.
Key Figures
Key Terms
beneficial ownership financial
sole dispositive power financial
charitable remainder unitrust financial
notices of intent to demand payment regulatory
open-market transactions financial
FAQ
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What beneficial ownership did Kirtan Patel report in LGMK?
How did Patel respond to the proposed LogicMark merger?
AI-generated analysis. How Rhea-AI works. Not financial advice.