Cress Michael D 4

What Happened

• Michael D. Cress, a director of Zynex, reported dispositions to the issuer totaling 95,000 shares (12,499 + 82,501) on 2026-03-26. Both dispositions are recorded at $0.00 per share, for total proceeds of $0.
• These were not open-market sales but cancellations pursuant to the issuer’s confirmed Chapter 11 reorganization plan that became effective 2026-03-26; the plan cancels outstanding common stock and related rights for no consideration.

Key Details

• Transaction dates and prices: 2026-03-26 — 12,499 shares and 82,501 shares disposed to issuer at $0.00 each.
• Total shares affected: 95,000; total value reported: $0.
• Shares owned after transaction: Per the plan, all outstanding common shares (including shares issuable under awards) were cancelled; effectively no remaining common stock recovery under the plan.
• Footnote: Dispositions occurred pursuant to the Issuer’s Third Amended Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization, confirmed 3/19/2026 and effective 3/26/2026.
• Filing date: Form 4 filed 2026-03-27 (reported promptly after the effective date).

Context

• This transaction is a corporate restructuring outcome, not a voluntary market sale or purchase by the insider; no cash changed hands. For retail investors, cancellations under a confirmed Chapter 11 plan typically mean common equity and many equity-based claims are extinguished with no recovery. This is informational about the firm's capital restructuring rather than an insider signaling buy/sell sentiment.