Form 4: KORU Medical Insider Ownership Shifts via Distributions

Joseph M. Manko, Jr. and Horton Capital entities restructured KORU Medical Systems shareholdings through internal distributions.

Summary

• Horton Capital Partners Fund, L.P. (HCPF) distributed 770,418 shares of KORU Medical Systems, Inc. common stock to its limited partners, including Horton Capital Partners, LLC (HCP).
• HCP subsequently received and then distributed 750,000 shares of KORU Medical Systems common stock to its members, including Joseph M. Manko, Jr.
• Joseph M. Manko, Jr., a Director and 10% owner, directly acquired 282,347 shares of KORU Medical Systems common stock from HCP.
• Following these transactions, Joseph M. Manko, Jr.'s direct beneficial ownership increased to 782,547 shares.
• HCPF's indirect beneficial ownership after the distribution is 5,062,498 shares.
• HCP's indirect beneficial ownership from this specific chain of transactions is 0 shares after distributing them to its members.
• All transactions occurred on February 13, 2026, with a reported price of $0 per share, indicating in-kind distributions rather than market purchases or sales.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are internal distributions among related parties, not open market purchases or sales, and therefore do not signal a change in market sentiment or company fundamentals.

Positives

• Increased direct beneficial ownership for Joseph M. Manko, Jr., aligning his interests more closely with shareholders.
• Transparency in reporting the restructuring of significant insider holdings.

Negatives

• Transactions represent internal distributions rather than open market purchases, which might be interpreted as a less direct signal of confidence in the company's immediate market valuation.

Future Outlook

NA

Management Comments

• Joseph M. Manko, Jr. is the managing member of both Horton Capital Management, LLC (HCM) and Horton Capital Partners, LLC (HCP).
• HCM maintains investment and voting power over shares held by HCPF, with HCP having the right to assume this authority if HCM's advisory agreement terminates.
• Each Reporting Person disclaims beneficial ownership of the securities reported except to the extent of their direct pecuniary interest.
• The filing of this statement should not be construed as an admission that the person filing is the beneficial owner for Section 16 purposes or that the statement is legally required.

Industry Context

StockSavvy.ai notes that these transactions represent an internal restructuring of existing ownership stakes among related insider entities rather than new capital deployment or divestment. Such distributions are common for investment funds and their principals, aiming to reallocate holdings or manage fund structures, and typically do not reflect a change in the underlying investment thesis for the company.

Related Party Transactions

• Horton Capital Partners Fund, L.P. (HCPF) distributed shares to its limited partners, including Horton Capital Partners, LLC (HCP), where HCP is the general partner of HCPF.
• HCP distributed shares to its members, including Joseph M. Manko, Jr., who is the managing member of HCP.

Stakeholder Impact

• Shareholders gain transparency regarding the internal restructuring of significant insider holdings.
• No direct impact on employees, customers, suppliers, or creditors is indicated by these internal ownership adjustments.

Key Dates

Keywords

KORU Medical Systems, KRMD, Form 4, beneficial ownership, insider transaction, Horton Capital, Joseph M. Manko Jr., equity distribution