Director at Nuwellis (NASDAQ: NUWE) receives 6,744 stock options

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Nuwellis, Inc. director David McDonald received a grant of nonstatutory stock options covering 6,744 shares of common stock. The options have an exercise price of $1.16 per share and expire on April 27, 2036. They vest in 12 approximately equal monthly installments over one year.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McDonald David

Role null

Type	Security	Shares	Price	Value
Grant/Award	Nonstatutory Stock Option (right to buy)	6,744	$0.00	--

Holdings After Transaction: Nonstatutory Stock Option (right to buy) — 6,744 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Option grant size: 6,744 options Exercise price: $1.16 per share Expiration date: April 27, 2036 +2 more

5 metrics

Option grant size 6,744 options Nonstatutory stock option award to director

Exercise price $1.16 per share Strike price for Nuwellis common stock options

Expiration date April 27, 2036 Option term for director grant

Vesting period 12 monthly installments Vests over one year from grant date

Derivative holdings after grant 6,744 options Total derivative securities held following transaction

Key Terms

Nonstatutory Stock Option, grant/award acquisition, vesting, exercise price, +1 more

5 terms

Nonstatutory Stock Option financial

"security_title: "Nonstatutory Stock Option (right to buy)""

A nonstatutory stock option (also called a non-qualified stock option) is an employee or contractor right to buy company shares at a set price that does not qualify for special tax treatment. When exercised, the difference between the market price and the set price is treated as ordinary income for the recipient and usually triggers payroll tax and withholding. For investors, these options matter because they create potential share dilution, affect reported compensation costs, and influence the timing of when new shares enter the market—similar to a coupon that lets someone buy stock at a discount but results in an immediate tax bill.

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

vesting financial

"Vests in 12 approximately equal consecutive monthly increments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

exercise price financial

"conversion_or_exercise_price: "1.1600""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

expiration date financial

"expiration_date: "2036-04-27T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

Form 4 Insider Transactions: What Each Field Means →

04/29/2026 - 05:16 PM

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McDonald David

(Last)

(First)

(Middle)

12988 VALLEY VIEW ROAD

(Street)

EDEN PRAIRIE

MINNESOTA

55344

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Nuwellis, Inc. [ NUWE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Nonstatutory Stock Option (right to buy)	$1.16	04/28/2026		A		6,744		⁽¹⁾	04/27/2036	Common Stock	6,744	$0	6,744	D

Explanation of Responses:

1. Vests in 12 approximately equal consecutive monthly increments, commencing on the one-month anniversary of the date of grant, so that all of the options will be vested on the one-year anniversary of the date of grant.

	/s/ Neil P. Ayotte, by Power of Attorney	04/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Nuwellis (NUWE) director David McDonald report on this Form 4?

David McDonald reported receiving a grant of nonstatutory stock options for 6,744 shares of Nuwellis common stock. The award is compensation-based, not an open-market trade, and is documented as an acquisition under transaction code A.

What is the exercise price of David McDonald’s Nuwellis (NUWE) stock options?

The options granted to David McDonald have an exercise price of $1.16 per share. This means he can buy Nuwellis common stock at $1.16 per share once the options vest and before they expire, subject to the vesting schedule.

How many Nuwellis (NUWE) shares are covered by David McDonald’s option grant?

The option award covers 6,744 underlying shares of Nuwellis common stock. This full amount is reflected as the total derivative securities held after the transaction, indicating the grant created his reported option position in this filing.

When do David McDonald’s Nuwellis (NUWE) stock options vest?

The options vest in 12 approximately equal consecutive monthly installments, starting one month after the grant date. All 6,744 options are scheduled to be fully vested on the one-year anniversary of the April 28, 2026 grant date.

When do David McDonald’s Nuwellis (NUWE) stock options expire?

The options expire on April 27, 2036. After this expiration date, any unexercised options become worthless, so exercises must occur after vesting and before that expiration to acquire Nuwellis common shares at the $1.16 exercise price.

Is David McDonald’s Nuwellis (NUWE) Form 4 a market purchase or sale?

This Form 4 reports a grant or award acquisition, not a market trade. The transaction code A indicates an option grant as compensation, so no open-market buying or selling of Nuwellis common stock occurred in this disclosure.