[Form 3] Kindly MD, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Kindly MD, Inc. (NAKA) initial Form 3 discloses that Gregory Xethalis filed an insider statement as a director and reported no securities beneficially owned in the issuer. The filing lists a business address and indicates the form was filed by one reporting person. An exhibit references a Power of Attorney. The document is an initial statement of beneficial ownership and contains no entries in the non-derivative or derivative tables, indicating the reporting person holds no direct or indirect equity positions reported on this form.

Positive

• Disclosure compliance: The filing identifies the reporting person and relationship to the issuer as a director, meeting Section 16(a) requirements
• No beneficial ownership reported: The form explicitly states no securities are beneficially owned, clarifying insider positions
• Exhibit included: Attachment of Exhibit 24 (Power of Attorney) supports authorized filing procedures

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Initial disclosure shows a director with no reportable equity holdings, providing transparency but limited governance signal.

The Form 3 properly identifies Gregory Xethalis as a director and files the required initial statement while showing no beneficial ownership of the issuer's securities. From a governance perspective, the filing satisfies Section 16(a) disclosure requirements and attaches a Power of Attorney exhibit, which supports authorized filing processes. Because there are no reported holdings, this filing offers limited information about director alignment with shareholders.

Securities Compliance Analyst

TL;DR: Compliance filing appears complete for an initial Form 3 and contains the expected exhibits, but reports no reportable holdings.

The document includes the reporting person's name, address, relationship to the issuer as a director, and indicates a single reporting person. The non-derivative and derivative tables contain no entries and the remarks note explicitly that no securities are beneficially owned. The inclusion of Exhibit 24 (Power of Attorney) suggests procedural compliance for signature/filing authorization.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Xethalis Gregory Elias

(Last) (First) (Middle)

5097 S 900 E SUITE 100

(Street)

SALT LAKE CITY UT 84117

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/14/2025

3. Issuer Name and Ticker or Trading Symbol
Kindly MD, Inc. [ NAKA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Greg Xethalis	08/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for Kindly MD, Inc. (NAKA)?

Gregory Xethalis, identified as the reporting person, filed the Form 3.

What is Gregory Xethalis's relationship to Kindly MD, Inc. (NAKA)?

He is reported as a director of the issuer.

Does the Form 3 show any beneficial ownership of NAKA securities?

No. The filing explicitly states no securities are beneficially owned and the non-derivative and derivative tables contain no entries.

Is there any exhibit attached to the Form 3 for NAKA?

Yes. The filing references Exhibit 24 (Power of Attorney).

Was the Form 3 filed by more than one reporting person?

No. The form indicates it was filed by one reporting person.