James L. Cunniff - Dec 31, 2024 Form 4 Insider Report for Electromed, Inc. (ELMD)

Role: CEO and President, Director
Signature: /s/ Joshua L. Colburn, Attorney-in-Fact
Stock symbol: ELMD
Transactions as of: Dec 31, 2024
Transactions value $: -$1,017,466
Form type: 4
Date filed: 1/3/2025, 04:36 PM
Previous filing: Oct 2, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELMD	Common Stock	Options Exercise	$0	+87.5K	+110.8%	$0.00	166K	Dec 31, 2024	Direct
transaction	ELMD	Common Stock	Tax liability	-$1.02M	-34.4K	-20.68%	$29.55	132K	Dec 31, 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	ELMD	Performance Stock Units	Options Exercise	$0	-87.5K	-100%	$0.00	0	Dec 31, 2024	Common Stock	87.5K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	No shares were sold. 34,432 shares were withheld by the Issuer to satisfy statutory tax withholding requirements on vesting of performance stock units ("PSUs").
F2	Each PSU represents a contingent right to receive one share of Issuer common stock.
F3	As previously reported, on July 1, 2023, the reporting person was granted 87,500 PSUs. The PSUs vested and settled into the same number of shares of common stock upon achieving a total shareholder return in excess of 100% as of the end of the fiscal quarter ended December 31, 2024, calculated using the three-month volume-weighted average closing price in accordance with the underlying agreement.