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

Carine Schneider, a director at LogicMark, Inc., reported the acquisition of Series A common stock purchase warrants due to anti-dilution provisions triggered by a securities issuance by the company.

Summary

• On February 20, 2025, Carine Schneider, a director of LogicMark, Inc., filed a Form 4.
• The filing reports the acquisition of Series A common stock purchase warrants on February 18, 2025.
• This acquisition was triggered by anti-dilution provisions in the warrants.
• The provisions were activated due to the issuance of securities by LogicMark at an effective per share price of $0.59 on February 18, 2025.
• As a result, the exercise price of the warrants decreased to $0.59, 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 11,238 warrants and disposed of 16,948 warrants.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to warrant adjustments, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in beneficial ownership, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders may experience dilution due to the increased number of shares issuable upon warrant exercise.

Key Dates

Keywords

Form 4, LogicMark, Carine Schneider, Series A Common Stock Purchase Warrants, Anti-dilution, Beneficial Ownership, Director