Christopher Pazdan - 18 Jul 2024 Form 3 Insider Report for KORU Medical Systems, Inc. (KRMD)

Role
Chief Operating Officer
Signature
/s/ Thomas Adams Attorney-In-Fact
Issuer symbol
KRMD
Transactions as of
18 Jul 2024
Transactions value $
$0
Form type
3
Filing time
31 Jul 2024, 16:06:03
Next filing
30 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KRMD Common Stock 23.1K 18 Jul 2024 Direct

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
holding KRMD Option to Purchase Common Stock 18 Jul 2024 Common Stock 200K $3.11 Direct F1
holding KRMD Option to Purchase Common Stock 18 Jul 2024 Common Stock 20K $2.20 Direct F2
holding KRMD Performance Share Units 18 Jul 2024 Common Stock 54.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are subject to a 4 year vesting schedule. 25% of the Shares vest on the 1 year anniversary of the 09/15/2021 date of the grant (the "Vesting Commencement Date"), and the remaining Shares vest as follows: 25% of the Shares at the end of each successive 12 month period following the Vesting Commencement Date.
F2 Shares are subject to a 4 year vesting schedule. 25% of the Shares vest on the 1 year anniversary of the 03/15/2024 date of the grant (the "Vesting Commencement Date"), and the remaining Shares vest as follows: 25% of the Shares at the end of each successive 12 month period following the Vesting Commencement Date.
F3 Granted on 04/24/24. Vesting is dependent upon the achievement by KORU Medical Systems, Inc. of certain performance criteria. Thue number of performance share units scheduled to vest on December 31, 2024 will vary between 0% and 150% of the number reported, depending on whether and the extent to which the performance criteria are met. Performance share units are paid out in shares of KORU Medical Systems, Inc.'s common stock on a one-for-one basis.

Remarks:

Power of Attorney filed herewith as Exhibit 24.