Chia-Lin Simmons - Aug 7, 2023 Form 4 Insider Report for LogicMark, Inc. (LGMK)

Signature
/s/ Chia-Lin Simmons
Stock symbol
LGMK
Transactions as of
Aug 7, 2023
Transactions value $
$0
Form type
4
Date filed
8/9/2023, 08:51 PM
Previous filing
Feb 18, 2022
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGMK Common Stock Award $0 +62K +263.43% $0.00 85.5K Aug 7, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuable upon the vesting of a restricted stock award ("RSA"), each of which represents the right to receive one share of common stock, par value $0.0001 per share, of the issuer ("Common Stock"), subject to the vesting terms of such RSA.
F2 The RSA of 62,000 shares of Common Stock was received as compensation for the reporting person's service as an officer pursuant to the issuer's 2023 Stock Incentive Plan. The RSA is subject to vesting over a period commencing on July 3, 2023, with 1/4 of such shares to vest on July 3, 2024, and thereafter, 1/16 of such shares to vest on the first day of each subsequent three-month period until the entire award has vested, so long as the reporting person remains in the service of the issuer for each such quarter.
F3 On April 21, 2023, the issuer effected a 1-for-20 reverse stock split of its outstanding shares of Common Stock. The number of shares of Common Stock reported on this Form 4 have been adjusted to reflect such reverse stock split as it pertained to the number of shares of Common Stock that the reporting person held immediately following the grant of the RSA.