Form 4: KORU Medical Systems Director Receives Stock Grant for Board Service

Joseph M. Manko Jr., a director of KORU Medical Systems, received 6,329 shares of common stock on March 31, 2024, as compensation for his board service.

Summary

• Joseph M. Manko Jr., a director of KORU Medical Systems, Inc., received 6,329 shares of common stock on March 31, 2024.
• The shares were granted to Horton Capital Partners Fund, LP (HCPF) in consideration for Mr. Manko's service as a Director of the Issuer for the quarter ended March 31, 2024.
• Following the transaction, Horton Capital Partners Fund, LP beneficially owns 7,594,709 shares of KORU Medical Systems, Inc.
• The filing also involves Horton Capital Management, LLC (HCM), Horton Capital Partners, LLC (HCP), and Joseph M. Manko, Jr., who disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive due to the transparency it provides.

Positives

• The document provides transparency regarding the compensation of a director of KORU Medical Systems, Inc.

Management Comments

• 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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The grant of shares to Horton Capital Partners Fund, LP for Mr. Manko's service as a director is a related party transaction.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation.

Key Dates