Elizabeth Hurlburt - 14 Nov 2024 Form 4 Insider Report for CorMedix Inc. (CRMD)

Role
EVP
Signature
/s/ Elizabeth Hurlburt
Issuer symbol
CRMD
Transactions as of
14 Nov 2024
Net transactions value
-$937,943
Form type
4
Filing time
18 Nov 2024, 20:37:32 UTC
Previous filing
18 Jan 2024
Next filing
06 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRMD Common Stock Options Exercise $4.35 +3 +0.01% $1.45 45,400 14 Nov 2024 Direct
transaction CRMD Common Stock Options Exercise $67,803 +8,169 +18% $8.30 53,569 14 Nov 2024 Direct
transaction CRMD Common Stock Options Exercise $55,669 +9,888 +18% $5.63 63,457 14 Nov 2024 Direct
transaction CRMD Common Stock Options Exercise $140,625 +34,467 +54% $4.08 97,924 14 Nov 2024 Direct
transaction CRMD Common Stock Options Exercise $276,875 +62,500 +64% $4.43 160,424 14 Nov 2024 Direct
transaction CRMD Common Stock Options Exercise $86,750 +25,000 +16% $3.47 185,424 14 Nov 2024 Direct
transaction CRMD Common Stock Sale $1,565,670 -140,027 -76% $11.18 45,397 14 Nov 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -3 -0.01% $0.000000 53,997 14 Nov 2024 Common Stock 3 $1.45 Direct F2
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -8,169 -39% $0.000000 12,711 14 Nov 2024 Common Stock 8,169 $8.30 Direct F3
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -9,888 -26% $0.000000 27,612 14 Nov 2024 Common Stock 9,888 $5.63 Direct F4
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -34,467 -92% $0.000000 3,033 14 Nov 2024 Common Stock 34,467 $4.08 Direct F5
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -62,500 -50% $0.000000 62,500 14 Nov 2024 Common Stock 62,500 $4.43 Direct F6
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -25,000 -25% $0.000000 75,000 14 Nov 2024 Common Stock 25,000 $3.47 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $11.00 to $11.45. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F2 These options were granted 3/19/2018 and vested as follows: 37,200 vested over four years in four (4) equal installments on the first four anniversaries of 3/19/2018. The remaining options vested on the achievement of certain milestones. This option was previously reported as covering 186,000 shares but was adjusted to reflect a reverse stock split that occurred on March 26, 2019.
F3 These options were granted 1/10/2019 and vested as follows: 35% of the options vest over time, with 25% vested on the grant date and 25% vesting on the first, second and third anniversaries of the grant date; and 65% of the options vest upon the achievement of certain milestones.
F4 These options were granted on 05/11/2020. These options vested 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
F5 These options were granted on 05/11/2020. These options vested 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
F6 These options were granted on 1/14/2023. These options vested 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant and will vest 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
F7 These options were granted on 01/12/2024. These options vested 1/4 on the date of grant, and, subject to continued employment, will vest 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.