OneMedNet Corp (ONMD) CEO Aaron Green discloses Form 3 holdings

Rhea-AI Filing Summary

OneMedNet Corp director and Chief Executive Officer Aaron Green reported his initial beneficial ownership of the company’s securities. He directly holds 600,000 shares of common stock, described as restricted stock units granted on May 1, 2023 that vest over approximately three years, starting with one-third after the first anniversary and the rest in equal monthly installments.

Green also holds a senior secured convertible note issued on June 28, 2023 under a securities purchase agreement, convertible into common stock at the lower of $10.00 per share or 92.5% of the lowest volume weighted average trading price for the ten trading days before conversion, subject to a floor price. The note matures on November 7, 2024. In addition, he owns warrants that are immediately exercisable for 15,956 shares of common stock at an exercise price of $10 per share and expire on November 7, 2028.

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^*

Green Aaron

(Last) (First) (Middle)

6385 OLD SHADY OAK ROAD, SUITE 250

(Street)

EDEN PRAIRIE MN 55344

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/07/2023

3. Issuer Name and Ticker or Trading Symbol
OneMedNet Corp [ ONMD ]

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

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

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)
Common Stock	600,000(1)	D

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
Senior Secured Convertible Note	(2)	(2)	Common Stock	$265,956.15	$10(2)	D
Warrants (Right to Buy)	(3)	11/07/2028	Common Stock	15,956	$10(3)	D

Explanation of Responses:

1. Represents restricted stock units ("RSUs") granted to the reporting person on May 1, 2023 under the OneMedNet Corporation 2022 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest with respect to 1/3 of the shares on the first anniversary of the grant date, with the remaining shares vesting in equal monthly installments over 24 months thereafter, subject to the reporting person's continued service with the issuer through the vesting date.

2. On June 28, 2023, Data Knights Acquisition Corp. ("Data Knights") (the predecessor of the issuer) and certain investors, including the reporting person (collectively, the "Purchasers"), entered into a securities purchase agreement pursuant to which Data Knights issued and sold to the Purchasers senior secured convertible notes (the "PIPE Notes"), which are convertible into shares of common stock at each Purchasers' election, at a conversion price equal to the lower of (i) $10.00 per share, or (ii) 92.5% of the lowest volume weighted average trading price for the ten (10) trading days immediately preceding the conversion date, subject to a floor price. The PIPE Notes mature on the first anniversary of the issuance date (November 7, 2024), subject to extension pursuant to the terms of the PIPE Notes.

3. The warrants are immediately exercisable, and the exercise price is subject to anti-dilution adjustment.

Remarks:

Exhibit 24 - POWER OF ATTORNEY

	/s/ Aaron Green	11/26/2025
	** 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

What does this Form 3 filing disclose about OneMedNet Corp (ONMD)?

It discloses that Aaron Green, a director and Chief Executive Officer of OneMedNet Corp, has reported his initial beneficial ownership of the company’s common stock, a senior secured convertible note, and warrants.

How many OneMedNet Corp (ONMD) common shares does Aaron Green beneficially own?

Aaron Green is reported as beneficially owning 600,000 shares of common stock, represented by restricted stock units granted on May 1, 2023 under the OneMedNet Corporation 2022 Equity Incentive Plan.

How do Aaron Green’s restricted stock units in ONMD vest?

Each RSU represents the right to receive one share of ONMD common stock. One-third of the RSUs vest on the first anniversary of the May 1, 2023 grant date, with the remaining shares vesting in equal monthly installments over 24 months, subject to his continued service.

What are the key terms of Aaron Green’s senior secured convertible note in OneMedNet Corp (ONMD)?

The senior secured convertible note is part of the PIPE Notes issued on June 28, 2023 and is convertible into ONMD common stock at the lower of $10.00 per share or 92.5% of the lowest volume weighted average trading price for the ten trading days before conversion, subject to a floor price. The PIPE Notes mature on November 7, 2024.

What warrants to buy OneMedNet Corp (ONMD) stock does Aaron Green hold?

He holds warrants that are immediately exercisable for 15,956 shares of ONMD common stock at an exercise price of $10 per share. These warrants expire on November 7, 2028, and the exercise price is subject to anti-dilution adjustment.

What was Aaron Green’s relationship to Data Knights Acquisition Corp in this ONMD filing?

The filing notes that on June 28, 2023, Data Knights Acquisition Corp., the predecessor of OneMedNet Corp, issued senior secured convertible notes to certain investors, including Aaron Green, under a securities purchase agreement.