OneMedNet (ONMD) CMO Jeffrey Yu invests $750k and takes equity in lieu of cash
Rhea-AI Filing Summary
OneMedNet Corp director and Chief Medical Officer Jeffrey Yu increased his stake through a sizable cash investment and share grant. On April 1, 2026, he invested $750,000 in a subscription agreement, receiving 903,614 common shares at $0.83 each, and was issued 219,429 shares in lieu of prior cash compensation at the same price. Following these transactions, he directly owns 8,229,837 common shares. An additional 1,311,970 shares are held in a trust with an independent trustee, for which he disclaims beneficial ownership.
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Insights
Yu commits $750,000 and takes more equity instead of cash pay.
Chief Medical Officer and director Jeffrey Yu, also a more than 10% owner, entered a subscription agreement on April 1, 2026 to invest $750,000 in OneMedNet Corp. He received 903,614 common shares at $0.83 per share, based on the 10‑day volume‑weighted average price.
On the same date, he was granted 219,429 additional common shares, issued in lieu of prior cash compensation owed, also valued using the 10‑day volume‑weighted average price. These are compensation-related and not open‑market trades.
After these transactions, Yu directly holds 8,229,837 common shares. A further 1,311,970 shares are held by a trust with an independent trustee; he has no investment control and disclaims beneficial ownership of those trust shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 903,614 | $0.83 | $750K |
| Grant/Award | Common Stock | 219,429 | $0.83 | $182K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On April 1, 2026, the issuer entered into a subscription agreement with the reporting person for a $750,000 investment in the issuer. The shares were valued at the volume-weighted average price for the 10 trading days immediately prior to the purchase date. Represents shares issued in lieu of prior cash compensation owed to the reporting person. The shares were valued at the volume-weighted average price for the 10 trading days immediately prior to the issuance date. The shares are held by trust with an independent trustee, in which the reporting person has no investment control. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares for purposes of Section 16 or for any other purpose.