Form 4: Neuraxis Director Kristin A. Ferge Receives Stock Award as Compensation

Director Kristin A. Ferge receives 1,183 shares of Neuraxis, Inc. common stock as compensation for services through March 31, 2024.

Summary

• Kristin A. Ferge, a director of Neuraxis, Inc., received 1,183 shares of common stock on June 28, 2024.
• The shares were issued as compensation for services provided as a member of the Board of Directors through March 31, 2024.
• The stock award was granted pursuant to an Unrestricted Stock Award Agreement.
• The number of shares was determined by dividing $3,287.67 by the closing price of the common stock on June 28, 2024, which was $2.78 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stable corporate governance. The sentiment is neutral to slightly positive.

Positives

• The stock award aligns the director's interests with those of the shareholders.
• The compensation structure is transparent, with the calculation method clearly outlined.

Industry Context

Stock awards to board members are a common practice in publicly traded companies to incentivize and compensate them for their service.

Stakeholder Impact

• The stock award may have a minor dilutive effect on existing shareholders.
• The award incentivizes the director to act in the best interests of the company and its stakeholders.

Key Dates