Elizabeth Masson-Hurlburt - Nov 14, 2024 Form 4 Insider Report for CorMedix Inc. (CRMD)

Role
EVP
Signature
/s/ Elizabeth Hurlburt
Stock symbol
CRMD
Transactions as of
Nov 14, 2024
Transactions value $
-$937,943
Form type
4
Date filed
11/18/2024, 08:37 PM
Previous filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRMD Common Stock Options Exercise $4.35 +3 +0.01% $1.45 45.4K Nov 14, 2024 Direct
transaction CRMD Common Stock Options Exercise $67.8K +8.17K +17.99% $8.30 53.6K Nov 14, 2024 Direct
transaction CRMD Common Stock Options Exercise $55.7K +9.89K +18.46% $5.63 63.5K Nov 14, 2024 Direct
transaction CRMD Common Stock Options Exercise $141K +34.5K +54.32% $4.08 97.9K Nov 14, 2024 Direct
transaction CRMD Common Stock Options Exercise $277K +62.5K +63.83% $4.43 160K Nov 14, 2024 Direct
transaction CRMD Common Stock Options Exercise $86.8K +25K +15.58% $3.47 185K Nov 14, 2024 Direct
transaction CRMD Common Stock Sale -$1.57M -140K -75.52% $11.18 45.4K Nov 14, 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 CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -3 -0.01% $0.00 54K Nov 14, 2024 Common Stock 3 $1.45 Direct F2
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -8.17K -39.12% $0.00 12.7K Nov 14, 2024 Common Stock 8.17K $8.30 Direct F3
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -9.89K -26.37% $0.00 27.6K Nov 14, 2024 Common Stock 9.89K $5.63 Direct F4
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -34.5K -91.91% $0.00 3.03K Nov 14, 2024 Common Stock 34.5K $4.08 Direct F5
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -62.5K -50% $0.00 62.5K Nov 14, 2024 Common Stock 62.5K $4.43 Direct F6
transaction CRMD Stock Option (Right to Buy Common Stock) Options Exercise $0 -25K -25% $0.00 75K Nov 14, 2024 Common Stock 25K $3.47 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $11.00 to $11.45. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F2 These options were granted 3/19/2018 and vested as follows: 37,200 vested over four years in four (4) equal installments on the first four anniversaries of 3/19/2018. The remaining options vested on the achievement of certain milestones. This option was previously reported as covering 186,000 shares but was adjusted to reflect a reverse stock split that occurred on March 26, 2019.
F3 These options were granted 1/10/2019 and vested as follows: 35% of the options vest over time, with 25% vested on the grant date and 25% vesting on the first, second and third anniversaries of the grant date; and 65% of the options vest upon the achievement of certain milestones.
F4 These options were granted on 05/11/2020. These options vested 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
F5 These options were granted on 05/11/2020. These options vested 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
F6 These options were granted on 1/14/2023. These options vested 1/4 on the date of grant, 1/4 on the first anniversary of the date of grant and will vest 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.
F7 These options were granted on 01/12/2024. These options vested 1/4 on the date of grant, and, subject to continued employment, will vest 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.