Form 4: LogicMark Director John Pettitt Acquires Additional Warrants Due to Anti-Dilution Provisions

Director John Pettitt reports the acquisition of additional Series A common stock purchase warrants in LogicMark, Inc. due to anti-dilution adjustments.

Summary

• John Pettitt, a director of LogicMark, Inc. (LGMK), filed a Form 4 on March 31, 2025, reporting changes in beneficial ownership.
• The report details the acquisition of Series A common stock purchase warrants on March 27, 2025, due to anti-dilution provisions.
• The anti-dilution provisions were triggered by a decrease in the exercise price of certain securities of the issuer to $0.118 per share.
• As a result, the exercise price of Pettitt's warrants decreased to $0.118, and the number of shares issuable upon exercise increased proportionally.
• Pettitt acquired 67,794 warrants at a price of $0.118.
• Following the transaction, Pettitt beneficially owns 84,742 warrants with an exercise price of $0.125.

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 reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The warrant acquisition could potentially dilute existing shareholders if the warrants are exercised.

Key Dates

Keywords

Form 4, beneficial ownership, LogicMark, LGMK, John Pettitt, warrants, anti-dilution