Form 4: Zynex CFO Daniel Moorhead Reports Stock Transactions

Daniel Moorhead, CFO of Zynex Inc., reports the acquisition and disposal of company stock, including shares withheld for tax obligations and a restricted stock award.

Summary

• On June 5, 2024, Daniel Moorhead, the Chief Financial Officer of Zynex Inc. (ZYXI), reported transactions involving the company's common stock.
• Moorhead had 4,439 shares withheld by the issuer to cover income tax obligations related to the settlement of Restricted Stock Awards (RSAs) at a price of $9.64 per share.
• He also acquired 5,000 shares through a restricted stock award under the company's 2017 Stock Incentive Plan.
• These shares vest equally over four years, starting one year from the grant date.
• Following these transactions, Moorhead beneficially owns 57,671 directly held common stock shares and 76,816 restricted stock awards that have not yet vested.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.

Positives

• The grant of restricted stock awards aligns the CFO's interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.

Stakeholder Impact

• The transactions reported may provide stakeholders with insights into management's perspective on the company's stock.

Key Dates