4/A: LogicMark Director Carine Schneider Amends Form 4 to Reflect Warrant Acquisition and Stockholder Approval
SEC Form 4 Amendment
Carine Schneider, a director of LogicMark, Inc., filed an amended Form 4 to reflect the acquisition of Series A and B warrants and to update information following stockholder approval for the issuance of shares upon warrant exercise.
Summary
- Carine Schneider, a director of LogicMark, Inc., filed an amendment to a previous Form 4.
- The amendment reflects the acquisition of Series A and Series B warrants on October 1, 2024, which was the date stockholder approval was obtained for the issuance of shares upon exercise of these warrants.
- The original Form 4 was filed on August 6, 2024.
- The amendment also updates the exercise price and the number of shares related to the warrants to reflect the information as of the date of stockholder approval.
- Schneider acquired 21,486 shares of common stock at a price of $0.4554 on August 5, 2024.
- Following the transaction, Schneider directly owns 21,986 shares of common stock.
- The Series A warrants are exercisable from October 1, 2024, and expire on August 5, 2029, with an exercise price of $0.1593.
- The Series B warrants are exercisable from October 1, 2024, and expire on February 5, 2027, with an exercise price of $0.4654.
- All shares and warrants held by Schneider are subject to a lock-up agreement for 60 days from August 1, 2024, the date of the closing of the company's offering.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reflecting insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to insider transactions and warrant exercises, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of closing of the Company's offering of its securities pursuant to the Company's registration statement on Form S-1, as amended (File No. 333-179133), declared effective by the U.S. Securities and Exchange Commission ('SEC'). |
| 08/05/2024 | Date of common stock transaction. |
| 08/05/2024 | Expiration date of Series A Common Stock Purchase Warrant. |
| 08/06/2024 | Date of Original Form 4 Filed. |
| 10/01/2024 | Date of acquisition of Series A and B Warrants and Stockholder Approval. |
| 10/01/2024 | Date Series A Common Stock Purchase Warrant is exercisable. |
| 10/01/2024 | Date Series B Common Stock Purchase Warrant is exercisable. |
| 02/05/2027 | Expiration date of Series B Common Stock Purchase Warrant. |
| 08/05/2029 | Expiration date of Series A Common Stock Purchase Warrant. |
| 10/03/2024 | Date of Form 4/A filing. |
Keywords
Form 4, LogicMark, LGMK, Carine Schneider, Warrants, Stockholder Approval, Beneficial Ownership, Director
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