Form 4: Winvest Investment Fund Management Corp. Increases Stake in LogicMark, Inc.

Winvest Investment Fund Management Corp., a 10% owner of LogicMark, Inc. (LGMK), has increased its holdings through a series of open market purchases between October 9 and October 16, 2024.

Summary

• Winvest Investment Fund Management Corp., along with Jourdan Matthews, filed a Form 4 detailing changes in beneficial ownership of LogicMark, Inc. shares.
• Between October 9 and October 16, 2024, Winvest acquired a total of 4,844,987 shares of LogicMark common stock through open market purchases.
• The purchases were made at weighted average prices ranging from $0.0849 to $0.1047 per share.
• Following these transactions, Winvest directly owns 4,074,587 shares of LogicMark common stock.
• Jourdan Matthews, as the sole stockholder, director, and CEO of Winvest, disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased stake by Winvest could be seen as a vote of confidence, but the filing itself is simply a regulatory disclosure.

Positives

• Winvest Investment Fund Management Corp. increased its stake in LogicMark, Inc., which could be interpreted as a positive signal about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions. This filing indicates increased ownership by a significant shareholder.

Stakeholder Impact

• The increased stake by Winvest could positively influence shareholder confidence.

Key Dates

Keywords

LogicMark, Winvest Investment Fund Management Corp., Jourdan Matthews, beneficial ownership, Form 4, stock acquisition, LGMK