Nuwellis director granted 6,744 stock options

Nuwellis, Inc. reported that director Gregory D. Waller received a grant of 6,744 nonstatutory stock options for common stock.

Rhea-AI Filing Summary

Nuwellis, Inc. reported that director Gregory D. Waller received a grant of 6,744 nonstatutory stock options for common stock. The options have an exercise price of $1.16 per share and expire on April 27, 2036.

According to the filing, these options vest in 12 approximately equal monthly installments starting one month after the grant date, becoming fully vested after one year. Following this award, Waller holds 6,744 derivative securities of this type directly, reflecting a routine compensation-related equity grant rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 6,744 shares

Grant/Award 1 txn

Insider WALLER GREGORY D

Role Director

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

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

Footnotes (1)

1. F1. 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.

Key Figures

Options granted: 6,744 options Exercise price: $1.16 per share Expiration date: April 27, 2036 +2 more

5 metrics

Options granted 6,744 options Nonstatutory stock option grant to director Gregory D. Waller

Exercise price $1.16 per share Exercise price for Nuwellis common stock under the option

Expiration date April 27, 2036 Option expiration for Waller’s nonstatutory stock options

Total options after grant 6,744 options Total derivative securities of this grant held following transaction

Vesting schedule 12 monthly installments Vests over one year starting one month after grant date

Key Terms

Nonstatutory Stock Option, exercise price, expiration date, vests in 12 approximately equal consecutive monthly increments

4 terms

Nonstatutory Stock Option financial

"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.

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.

vests in 12 approximately equal consecutive monthly increments financial

"Vests in 12 approximately equal consecutive monthly increments"

FAQ

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

What did Nuwellis (NUWE) disclose about Gregory Waller in this Form 4?

Nuwellis disclosed that director Gregory D. Waller received a grant of 6,744 nonstatutory stock options for common stock. These options are a compensation-related award, not an open-market purchase, and give him the right to buy shares at a fixed exercise price.

How many Nuwellis (NUWE) stock options were granted to director Gregory Waller?

Gregory D. Waller was granted 6,744 nonstatutory stock options tied to Nuwellis common stock. This entire amount represents his reported holdings of this option grant after the transaction, according to the Form 4 insider filing data.

What is the exercise price of Gregory Waller’s Nuwellis (NUWE) stock options?

The options granted to Gregory D. Waller carry an exercise price of $1.16 per share. This means he can purchase Nuwellis common stock at $1.16 under the option terms, regardless of the future market price when he chooses to exercise.

When do Gregory Waller’s Nuwellis (NUWE) stock options expire?

Gregory D. Waller’s nonstatutory stock options expire on April 27, 2036. Up to that expiration date, and subject to vesting, he can choose to exercise the options and buy Nuwellis common shares at the fixed $1.16 exercise price.

How do Gregory Waller’s Nuwellis (NUWE) options vest over time?

The options vest in 12 approximately equal monthly installments starting one month after the grant date. As a result, all 6,744 options will be fully vested on the one-year anniversary of the grant, according to the footnote disclosure in the Form 4.

Is Gregory Waller’s Nuwellis (NUWE) Form 4 transaction an open-market buy or a grant?

The Form 4 shows a grant or award acquisition of options, coded as an “A” transaction. It is a compensation-related nonstatutory stock option grant, not an open-market share purchase, and carries a $1.16 per share exercise price with future vesting.

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

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Accepted by SEC EDGAR 04/29/2026 - 09:12 PM EDT Learn about SEC filing dates

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^*

WALLER GREGORY D

(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)
			Code	V	Amount	(A) or (D)	Price

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
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/ Phillip D. Torrence, 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)