Form 4: KORU Medical Director Reports Stock Transactions

A KORU Medical Systems director and 10% owner reported the acquisition of shares for director service and a gift transfer of shares.

Summary

• Joseph M. Manko, Jr., a Director and 10% owner of KORU Medical Systems, Inc. (KRMD), reported changes in beneficial ownership.
• Horton Capital Partners Fund, LP (HCPF) acquired 2,581 shares of KORU Medical Systems common stock on December 31, 2025, as compensation for Mr. Manko's director service for the quarter ended December 31, 2025.
• Mr. Manko directly transferred 17,000 shares of common stock as a bona fide gift to a donor-advised fund on December 31, 2025, for no consideration.
• Following these transactions, Mr. Manko directly holds 500,200 shares and indirectly holds 5,832.916 shares through Horton Capital Partners Fund, LP.

Sentiment

Score: 5

Explanation: Neutral. The filing reports routine insider transactions (director compensation and a gift) which do not inherently indicate positive or negative sentiment about the company's performance or future prospects.

Positives

• Horton Capital Partners Fund, LP, an entity associated with Director Joseph M. Manko, Jr., received 2,581 shares of common stock as compensation for director service, indicating continued alignment of interests with the company.

Negatives

• Joseph M. Manko, Jr. transferred 17,000 shares as a bona fide gift, which reduces his direct beneficial ownership in the company.

Future Outlook

NA

Management Comments

• The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.
• Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Industry Context

NA

Related Party Transactions

• Horton Capital Partners Fund, LP, an entity associated with Director Joseph M. Manko, Jr., received 2,581 shares of KORU Medical Systems common stock as compensation for Mr. Manko's director service.

Stakeholder Impact

• Shareholders: The transactions reflect routine insider activity and compensation, not a significant change in company strategy or financial health. The gift transfer slightly reduces direct insider holdings, which is a minor event.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically director compensation in shares and a personal gift of shares. These types of transactions do not provide sufficient information to alter an investment thesis for KORU Medical Systems, Inc. The filing does not reveal any material operational, financial, or strategic developments that would warrant a change from a 'hold' position. Investors should continue to monitor the company's core business performance and broader market conditions.

Keywords

KORU Medical Systems, KRMD, Form 4, Insider Trading, Beneficial Ownership, Director Compensation, Stock Gift, Joseph M. Manko Jr., Horton Capital