Form 4: Zynex CFO Daniel Moorhead Receives New Restricted Stock Award and Manages Tax Obligations

Zynex Inc.'s Chief Financial Officer, Daniel J. Moorhead, reported the acquisition of 5,000 restricted stock units and the withholding of 3,982 shares for tax purposes, as detailed in a recent SEC Form 4 filing.

Summary

• Daniel J. Moorhead, Chief Financial Officer of Zynex Inc. (ZYXI), filed a Form 4 with the SEC on June 6, 2025, reporting transactions that occurred on June 5, 2025.
• Mr. Moorhead acquired 5,000 shares of Common Stock as a Restricted Stock Award (RSA) under the Issuer's 2017 Stock Incentive Plan, with a grant price of $0.
• These 5,000 shares will vest equally on an annual basis over a period of four years, beginning one year from the grant date.
• Concurrently, 3,982 shares of Common Stock were withheld by Zynex Inc. to satisfy income tax withholding and remittance obligations related to the net settlement of Restricted Stock Awards, valued at $2.13 per share.
• Following these transactions, Mr. Moorhead directly beneficially owns 16,273 shares of Common Stock and 64,245 shares of Common Stock (Restricted Stock Award), totaling 80,518 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects a standard equity compensation award to a key executive, aligning their interests with the company's long-term performance. The tax withholding is a routine part of such awards and not a negative indicator.

Positives

• The Chief Financial Officer received a new Restricted Stock Award of 5,000 shares, aligning management's interests with long-term shareholder value.
• The award is part of the company's 2017 Stock Incentive Plan, indicating a structured approach to executive compensation.

Negatives

• 3,982 shares of Common Stock were withheld to cover tax obligations, which reduces the direct shareholding of the CFO, though this is a standard procedure for equity compensation.

Future Outlook

The 5,000 restricted stock award shares will vest equally on an annual basis over a period of four years, beginning one year from the grant date, indicating future equity accumulation for the CFO.

Industry Context

This filing represents a routine insider transaction related to executive compensation, common across publicly traded companies, and does not directly reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a key executive like the CFO can be seen as a positive alignment of interests, incentivizing long-term performance. The shares withheld for tax are a standard part of equity compensation and do not represent a sale into the open market.
• Employees: This transaction highlights the company's use of equity-based compensation plans, which can be a positive signal for employee retention and motivation.

Next Steps

• The 5,000 restricted stock award shares will begin vesting one year from the grant date (June 5, 2025) and continue to vest equally over the subsequent four years.

Key Dates

Keywords

Zynex Inc., ZYXI, SEC Form 4, Insider Transaction, Restricted Stock Award, Equity Compensation, Chief Financial Officer, Daniel J. Moorhead, Stock Incentive Plan, Tax Withholding