Large Neuronetics (STIM) shareholder adds 475,000 shares in open-market buy

Rhea-AI Filing Summary

Neuronetics, Inc. large shareholder Jorey Chernett reported an open-market purchase of 475,000 shares of Common Stock. The shares were bought at a weighted average price of $1.34 per share in multiple trades. After this transaction, Chernett directly holds 10,453,988 shares of Neuronetics common stock.

The filing notes that individual trade prices on the transaction date ranged from $1.27 to $1.36 per share, and Chernett has agreed to provide full trade-level detail upon request.

Insights

Insider trading analyst

Large shareholder increased direct Neuronetics stake via open-market buying.

Reporting person Jorey Chernett, identified as a more-than-10% owner of Neuronetics, Inc., executed an open-market purchase of 475,000 common shares at a weighted average price of $1.34 per share. This is a discretionary, cash-funded transaction rather than a grant or option exercise.

Following the purchase, Chernett’s reported direct holdings rose to 10,453,988 shares. The footnote explains that the trade was executed in multiple lots with prices between $1.27 and $1.36, which is typical for larger orders filled across the market. No Rule 10b5-1 trading plan is referenced in the provided excerpt.

The transaction is a clear net buy in the position, with no accompanying sales or derivative exercises in this filing. Its significance for investors depends on how this share count compares to Neuronetics’ total shares outstanding, which is not stated in the excerpt, but it does indicate additional capital committed by a major holder.

Insider Trade Summary

Net Buyer: 475,000 shares

Net Buy 1 txn

Insider Chernett Jorey

Role 10% Owner

Bought 475,000 shs ($637K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	475,000	$1.34	$637K

Holdings After Transaction: Common Stock — 10,453,988 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were purchased in multiple transactions at prices ranging from $1.27 to $1.36, rounded to the nearest cent, inclusive. Mr. Chernett undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased.

Key Figures

Shares purchased: 475,000 shares Weighted average price: $1.34 per share Post-transaction holdings: 10,453,988 shares +3 more

6 metrics

Shares purchased 475,000 shares Open-market purchase of Neuronetics common stock

Weighted average price $1.34 per share Price paid for purchased shares

Post-transaction holdings 10,453,988 shares Chernett’s direct Neuronetics holdings after trade

Trade price range low $1.27 per share Lowest execution price in the multi-lot purchase

Trade price range high $1.36 per share Highest execution price in the multi-lot purchase

Transaction date 2026-05-12 Date of open-market purchase

Key Terms

open-market purchase, weighted average price, more-than-10% owner, Form 4

4 terms

open-market purchase financial

"reported an open-market purchase of 475,000 shares of Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported in Column 4 is a weighted average price, rounded"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

more-than-10% owner financial

"identified as a more-than-10% owner of Neuronetics, Inc."

Form 4 regulatory

"The Form 4 describes a non-derivative, open-market purchase of common stock"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider transaction did Jorey Chernett report for Neuronetics (STIM)?

Jorey Chernett reported an open-market purchase of 475,000 Neuronetics common shares. The weighted average price was $1.34 per share, and the trade was executed as multiple transactions on the same date across a range of prices.

At what price did the Neuronetics (STIM) insider buy 475,000 shares?

The 475,000 Neuronetics shares were bought at a weighted average price of $1.34 per share. According to the footnote, individual trade prices ranged from $1.27 to $1.36 per share, all rounded to the nearest cent.

How many Neuronetics (STIM) shares does Jorey Chernett own after this Form 4 trade?

After the reported transaction, Jorey Chernett directly owns 10,453,988 shares of Neuronetics common stock. This post-transaction figure includes his existing holdings plus the 475,000 shares acquired in the open-market purchase disclosed in the Form 4.

Was the Neuronetics (STIM) insider trade a purchase or a sale?

The Form 4 shows a purchase, coded as an open-market transaction. Chernett bought 475,000 Neuronetics shares and did not report any sales in this filing, resulting in a clear net increase in his direct share ownership position.

Did the Neuronetics (STIM) insider use options or derivatives in this transaction?

No options or derivatives are reported in this transaction. The Form 4 describes a non-derivative, open-market purchase of common stock only, and the derivative holdings section in the provided data is empty for this specific filing.

What does the Form 4 footnote say about Neuronetics (STIM) trade pricing?

The footnote explains that the reported $1.34 price is a weighted average, not a single execution price. Shares were bought in multiple trades between $1.27 and $1.36, and detailed price-by-trade information is available to interested parties upon request.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/13/2026 - 08:31 AM 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^*

Chernett Jorey

(Last) (First) (Middle)

6222 INDIANWOOD TR.

(Street)

BLOOMFIELD HILLS MICHIGAN 48301

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Neuronetics, Inc. [ STIM ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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
Common Stock	05/12/2026		P		475,000	A	$1.34(1)	10,453,988	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. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were purchased in multiple transactions at prices ranging from $1.27 to $1.36, rounded to the nearest cent, inclusive. Mr. Chernett undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased.

	/s/ Jorey Chernett	05/13/2026
	** 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)