Form 4: LogicMark Director Carine Schneider Acquires Additional Warrants Due to Anti-Dilution Provisions
SEC Form 4 Filing
Carine Schneider, a director of LogicMark, Inc., acquired additional Series A common stock purchase warrants on March 27, 2025, due to anti-dilution provisions triggered by a decrease in the exercise price of certain securities.
Summary
- On March 27, 2025, Carine Schneider, a director of LogicMark, Inc., acquired additional Series A common stock purchase warrants.
- This acquisition was triggered by anti-dilution provisions in the warrants.
- The anti-dilution provisions were activated due to a decrease in the exercise price of certain LogicMark securities to $0.118 per share.
- As a result, the exercise price of Schneider's warrants decreased, and the number of shares issuable upon exercise proportionally increased.
- The aggregate exercise price of the warrants remained the same after the adjustment.
- Schneider acquired 67,794 warrants at a price of $0.118.
- Following the transaction, Schneider beneficially owns 84,742 warrants.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to warrant adjustments. It doesn't inherently convey positive or negative sentiment, but rather reflects a technical adjustment due to anti-dilution provisions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing reflects an adjustment to existing warrants due to a change in the company's capital structure, which is a fairly common occurrence.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date exercisable for Series A Common Stock Purchase Warrant |
| 03/27/2025 | Date of transaction: acquisition of warrants due to anti-dilution provisions. |
| 03/31/2025 | Date of signature on the Form 4 filing. |
| 08/05/2029 | Expiration date for Series A Common Stock Purchase Warrant |
Keywords
Form 4, LogicMark, LGMK, Carine Schneider, Director, Warrants, Anti-dilution, Beneficial Ownership, Securities
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