Zynex (ZYXI) director’s shares wiped out as Chapter 11 plan cancels equity

Rhea-AI Filing Summary

Zynex Inc director Joshua R. Disbrow reported the cancellation of his equity holdings following the company’s Chapter 11 reorganization. On March 26, 2026, a total of 12,499 shares of restricted common stock and 89,501 shares of common stock were disposed of back to the issuer for no consideration, leaving zero shares reported as held.

This followed confirmation of Zynex’s Third Amended Chapter 11 Plan by the U.S. Bankruptcy Court for the Southern District of Texas on March 19, 2026, under which all outstanding common shares, equity awards, options, warrants and related rights were cancelled with no recovery under the plan.

Positive

• None.

Negative

• All pre‑petition Zynex equity interests, including common stock, equity awards, options and warrants, were cancelled for no consideration with no recovery under the confirmed Chapter 11 plan.

Insights

Bankruptcy & equity-structure analyst

All Zynex common equity and awards were cancelled with no recovery.

The transactions show director Joshua R. Disbrow returning 12,499 restricted shares and 89,501 common shares to Zynex Inc at $0.00 per share. The footnote explains this results from the confirmed Chapter 11 reorganization plan.

The plan, effective March 26, 2026, cancels all outstanding common stock, equity awards, options and warrants without consideration. That means prior equity interests receive no distribution under the plan. Subsequent company disclosures will outline the post-emergence capital structure and any new securities issued.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Disbrow Joshua R.

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock (Restricted Stock Award)	12,499	$0.00	--
Disposition	Common Stock	89,501	$0.00	--

Holdings After Transaction: Common Stock (Restricted Stock Award) — 0 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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

X

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^*

Disbrow Joshua R.

(Last) (First) (Middle)

9655 MAROON CIRCLE

(Street)

ENGLEWOOD COLORADO 80112

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ZYNEX INC [ ZYXI ]

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)
03/26/2026

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 (Restricted Stock Award)	03/26/2026		D		12,499(1)	D	$0	0	D
Common Stock	03/26/2026		D		89,501(1)	D	$0	0	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. Pursuant to the Issuer's Third Amended Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of Zynex, Inc. and Its Affiliated Debtors Pursuant to Chapter 11 of the Bankruptcy Code (the "Plan") which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on March 19, 2026 and became effective on March 26, 2026, all outstanding shares of the Issuer's common stock (including shares of common stock issuable under equity awards granted under the Issuer's equity incentive plans) and all other options, warrants and other rights with respect thereto, have been cancelled for no consideration and of no further force and effect with no recovery under the Plan.

	/s/ Joshua R. Disbrow	03/27/2026
	** 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)

FAQ

What insider transaction did Joshua R. Disbrow report at Zynex (ZYXI)?

Joshua R. Disbrow reported a disposition of Zynex equity to the issuer. He surrendered 12,499 restricted shares and 89,501 common shares at $0.00 per share, reflecting cancellation of his holdings under the confirmed Chapter 11 reorganization plan.

Why were Zynex (ZYXI) shares cancelled in this Form 4 filing?

The shares were cancelled due to Zynex’s confirmed Chapter 11 reorganization plan. The plan provides that all outstanding common stock, equity awards, options, warrants and related rights are cancelled for no consideration and have no further force or effect, with no recovery for prior holders.

How many Zynex (ZYXI) shares did Joshua R. Disbrow hold after the reported transactions?

After the reported transactions, the Form 4 shows Joshua R. Disbrow with zero shares. The disposition of 12,499 restricted shares and 89,501 common shares to the issuer at $0.00 reflects the plan-mandated cancellation of his equity position.

What did the bankruptcy court decide regarding Zynex (ZYXI) equity under the Chapter 11 plan?

The U.S. Bankruptcy Court for the Southern District of Texas confirmed Zynex’s Third Amended Chapter 11 plan. Under this plan, all outstanding common stock, equity awards, options, warrants and related rights are cancelled for no consideration, leaving prior equity holders with no recovery.

When did Zynex’s Chapter 11 reorganization plan become effective?

Zynex’s Third Amended Chapter 11 reorganization plan became effective on March 26, 2026. The plan had been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on March 19, 2026, and took effect a week later, triggering equity cancellation.