Andrew D.C. LaFrence - 15 Jul 2023 Form 4 Insider Report for KORU Medical Systems, Inc. (KRMD)

Role: Chief Financial Officer
Signature: /s/ Andrew D. C. LaFrence
Issuer symbol: KRMD
Transactions as of: 15 Jul 2023
Transactions value $: $0
Form type: 4
Filing time: 18 Jul 2023, 20:52:35 UTC
Previous filing: 18 Jul 2023
Next filing: 05 Dec 2023
SEC: View on sec.gov

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	KRMD	Options to Purchase Common Stock	Award	$0	+300K		$0.00	300K	15 Jul 2023	Common Stock	300K	$2.95	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Nonqualified stock options granted as an inducement to employment . Options vest in increments of 75,000 on the first anniversary of the date of grant and each anniversary thereafter until fully vested.

Remarks:

The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.