Brian P. Hannasch - 28 Dec 2023 Form 4 Insider Report for Neuraxis, INC (NRXS)

Role: 10%+ Owner
Signature: /s/ Griffin D. Foster, Attorney-in-fact for Brian P. Hannasch
Issuer symbol: NRXS
Transactions as of: 28 Dec 2023
Net transactions value: +$1.64
Form type: 4
Filing time: 23 Jan 2024, 16:06:10 UTC
Previous filing: 13 Dec 2023
Next filing: 02 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRX	Common Stock	Exercise of in-the-money or at-the-money derivative security	$200	+40,000	+8.1%	$0.005000^*	532,977	28 Dec 2023	Direct
transaction	NRX	Common Stock	Sale	$198	-76	-0.01%	$2.61	532,901	28 Dec 2023	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	NRX	Warrant (right to purchase)	Exercise of in-the-money or at-the-money derivative security	$0	-40,000	-100%	$0.000000^*	0	28 Dec 2023	Common Stock	40,000	$0.005000	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 28, 2023, the reporting person exercised a warrant to purchase 40,000 shares of Neuraxis, Inc. (the "Company") common stock for $0.005 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Company withholding 76 of the warrant shares to pay the exercise price and issuing the reporting person the remaining 39,924 shares.