KRMD KORU Medical Systems, Inc.
Price Chart
Executive Summary
KORU Medical Systems insiders executed a concentrated buying cluster, with CEO Linda Tharby making a $1.42M open-market purchase at ~$3.92, while the CFO, COO, and CTO each added $19-20K at similar prices. Total cluster value of ~$1.48M represents roughly 0.81% of the $182M market cap — significant for this size company — and is amplified by the top-down C-suite participation, consistent with the academic literature showing that clustered C-suite buys are strongly predictive of positive abnormal returns.
Key Financial Metrics
Actionable Insight
This is the strongest insider signal at KRMD in recent history — the CEO personally deployed $1.4M and every other senior officer added at the open market simultaneously. Historical model performance on KRMD has been poor, but this cluster is a distinct, high-conviction event. Monitor for near-term company announcements (earnings, product updates, partnership). A 10b5-1 plan is unlikely given the cluster nature and non-identical timing. This cluster supports a constructive bias over the next 3-6 months.
Key Facts
- CEO Linda Tharby purchased 1,191 shares at ~$3.92 on 5/15, value ~$1.42M (the bulk of the cluster)
- CFO Thomas Adams bought 5,041 shares at $3.86 on 5/14 ($19.5K); also exercised 8,193 derivative shares at $0 (non-cash) and had 2,900 shares withheld for taxes
- COO Christopher Pazdan bought 5,000 shares at $3.88 on 5/14 ($19.4K); simultaneously exercised 5,327 derivative shares at $0 (non-cash) and surrendered 1,470 for tax withholding
- CTO Eric Schiller bought 5,000 shares at $3.9125 on 5/18 ($19.6K)
- Four unique insiders participated; three are C-suite (CEO, CFO, COO); the CTO is also a named officer
- Total open-market purchase value ~$1.48M, or ~0.81% of the $182M market cap — solidly in the 'significant' proportionality band
- Insider cluster is accompanied by cross-filing amplifiers (earnings + insider trades, offering + insider trades) per the actuarial verdicts, which support an elevated score
- Past model reports on KRMD have underperformed (0% win rate at T+20, avg alpha -10.1%), but this cluster is a materially different event — real cash deployment by all senior executives
Financial Impact
Total insider open-market purchases of $1.48M (0.81% of market cap); CEO alone contributed $1.42M.
Risk Factors
- CEO's single large trade ($1.42M) dominates the cluster — if it was a one-time capital allocation unrelated to business outlook, the signal is weaker
- Past KRMD model reports have shown negative average alpha at T+20 (-9.5%), suggesting the stock has been difficult to predict
- Open-market buys are not a guarantee of near-term performance; the biotech/medical device space has binary event risk
- The CFO and COO exercised derivatives at zero cost and surrendered shares for taxes — these are non-cash events and do not add conviction
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-KRMD-1779309717437 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 20, 2026
23d ago
|
Insider Cluster
| $4.14 $4.18 | ▲ +0.97% | ▼ −0.63% | $4.00 (−3.38%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $4.14 $4.06 | ▼ −1.93% | ▼ −3.78% | $4.00 (−3.38%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $4.14 $4.18 | ▲ +0.97% | ▼ −0.63% | $4.00 (−3.38%) |
|
May 18, 2026
25d ago
|
Insider Cluster
| $3.96 $4.15 | ▲ +4.80% | ▲ +2.50% | $4.00 (+1.01%) |
|
May 6, 2026
5w ago
|
8-K
| $4.44 $3.85 | ▼ −13.29% | ▼ −14.79% | $4.00 (−9.91%) |
US Market Status
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