Horton Capital Partners, LLC 4/A
Research Summary
AI-generated summary
KORU Medical (KRMD) 10% Owner Joseph M. Manko Receives Award
What Happened
Joseph M. Manko Jr., a reported 10% owner of KORU Medical Systems, Inc. (KRMD), was granted 3,472 shares on March 31, 2026. The shares are reported with an acquisition price of $0.00, so no cash was paid for the award and the reported value is $0. This Form 4 is an amendment to the original Form 4 filed April 1, 2026.
Key Details
- Transaction date: 2026-03-31 — Grant/award (code A) of 3,472 shares at $0.00 per share (total $0).
- Filing: Amended Form 4 filed April 6, 2026; original Form 4 was filed April 1, 2026.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1–F3 reference Exhibit 99.1 to this Form 4 for explanations of noted items (see exhibit for terms/conditions).
- Remarks: The filer includes a legal disclaimer that the amendment should not be construed as admission of beneficial ownership or that the filing was legally required.
Context
Awards of shares at $0.00 typically reflect stock grants or other equity compensation rather than open-market purchases; they do not necessarily indicate the insider is buying shares with personal funds. As a reported 10% owner, Manko is a major holder, and such grants may be part of compensation or corporate arrangements—refer to Exhibit 99.1 for specifics. For retail investors: purchases (personal cash buys) often carry clearer signals than awards; awards are routine but worth noting as they increase insider exposure to the company's equity.
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