[Form 4] Kindly MD, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Perianne Boring McNulty, a director of Kindly MD, Inc. (NAKA), reported acquiring 112,781 restricted stock units on 09/22/2025. The RSUs were granted at a $0 price and are scheduled to vest on August 15, 2026, subject to her continued service on the company's board through the vesting date. After this transaction the reporting person beneficially owns 112,781 shares in a direct ownership form. The Form 4 was signed by an attorney-in-fact on 09/24/2025.

Positive

• Director alignment with shareholders via 112,781 RSUs that vest contingent on continued board service
• Clear disclosure of transaction date (09/22/2025), vesting date (08/15/2026), and direct beneficial ownership

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received a standard equity compensation award that aligns interests with shareholders.

The reported grant of 112,781 RSUs to a board director is a non-cash compensation event recorded on Form 4. The RSUs vest on a set future date subject to continued service, which is typical for aligning executives and directors with shareholder outcomes. The transaction shows direct beneficial ownership and a grant price of $0, indicating these are compensation-based units rather than an open-market purchase. Impact appears routine and not immediately dilutive beyond normal equity compensation plans.

Corporate Governance Expert

TL;DR: Governance practice consistent with standard director compensation through time-based RSUs.

The Form 4 documents a time-based restricted stock unit award that vests contingent on continued board service through August 15, 2026. This structure is a common governance mechanism to retain board members and align incentives. The filing provides clear grant size (112,781 RSUs) and vesting date but does not disclose the total plan pool or potential dilution, so assessment is limited to the award specifics disclosed.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

McNulty Perianne Boring

(Last) (First) (Middle)

5097 SOUTH 900 EAST, SUITE 100

(Street)

SALT LAKE CITY UT 84117

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/22/2025		A		112,781(1)	A	$0	112,781	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This reflects restricted stock units ("RSUs") that vest on August 15, 2026 (the "Vesting Date"), subject to the reporting person's continued services on the board of directors of the issuer through the Vesting Date.

	/s/ Kyle Simon, as attorney-in-fact	09/24/2025
	** 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 4 (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

What did Perianne Boring McNulty report on Form 4 for NAKA?

She reported acquiring 112,781 restricted stock units on 09/22/2025, shown as direct beneficial ownership.

When do the RSUs reported on the Form 4 vest?

The RSUs vest on August 15, 2026, subject to the reporting person's continued service on the company's board.

What price was reported for the RSU grant on the Form 4?

The grant is reported at a price of $0, indicating a compensation award rather than a market purchase.

Who filed or signed the Form 4 for the reporting person?

The Form 4 was signed by Kyle Simon, as attorney-in-fact on 09/24/2025.