Form 4: LogicMark Director Barbara Gutierrez Reports Acquisition of Series A Common Stock Purchase Warrants Due to Anti-Dilution Provisions

Director Barbara Gutierrez reports acquiring Series A common stock purchase warrants in LogicMark, Inc. due to anti-dilution provisions triggered by a decrease in the exercise price of certain securities.

Summary

• Barbara Gutierrez, a director of LogicMark, Inc. (LGMK), filed a Form 4 on March 31, 2025, reporting a transaction related to Series A common stock purchase warrants.
• The transaction occurred on March 27, 2025, and involves the acquisition of additional warrants due to anti-dilution provisions.
• These provisions were triggered by a decrease in the exercise price of certain LogicMark securities to $0.118 per share.
• As a result, the exercise price of Gutierrez's warrants decreased, and the number of shares issuable upon exercise increased proportionally.
• The aggregate exercise price of the warrants remained the same after the adjustment.
• Gutierrez acquired 67,794 warrants and disposed of 84,742 warrants, leaving her with 84,742 warrants.
• The exercise price of the warrants is $0.125.

Sentiment

Score: 5

Explanation: The document is a regulatory filing detailing a routine transaction related to anti-dilution provisions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The adjustment of warrants due to anti-dilution provisions may have a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Form 4, LogicMark, Warrants, Director, Gutierrez, Anti-dilution, Beneficial Ownership, LGMK