MICHAELS BARRY D 4
4 · ZYNEX INC · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Zynex (ZYXI) Director Barry D. Michaels Disposes 80,001 Shares
What Happened
Barry D. Michaels, a director of Zynex, Inc., reported a disposition to the issuer of 80,001 shares of Zynex common stock on March 26, 2026. The shares were cancelled with a reported price of $0.00 per share (total proceeds $0). This was not an open‑market sale but a cancellation of shares under the company’s confirmed Chapter 11 reorganization plan.
Key Details
- Transaction date: 2026-03-26; Form 4 filed: 2026-03-27 (appears timely).
- Transaction type: Disposition to issuer (reported as D) — 80,001 shares at $0.00 per share, $0 total.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The filing states the issuer’s confirmed Chapter 11 plan (effective 3/26/2026) cancelled all outstanding common stock, including shares issuable under equity awards, and all related options/warrants for no consideration.
- No indication this was a standard sale or a 10b5-1 plan — it reflects the bankruptcy reorganization outcome.
Context
Under the confirmed reorganization plan, outstanding common stock and related equity rights were cancelled for no consideration and are of no further force and effect. That means this disposition reflects a corporate restructuring result (share cancellation) rather than a director-initiated sale for cash; insiders received no proceeds from this transaction.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-03-26−80,001→ 0 total
Footnotes (1)
- [F1]Pursuant to the Issuer's Third Amended Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of Zynex, Inc. and Its Affiliated Debtors Pursuant to Chapter 11 of the Bankruptcy Code (the "Plan") which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on March 19, 2026 and became effective on March 26, 2026, all outstanding shares of the Issuer's common stock (including shares of common stock issuable under equity awards granted under the Issuer's equity incentive plans) and all other options, warrants and other rights with respect thereto, have been cancelled for no consideration and of no further force and effect with no recovery under the Plan.