ZYNEX INC — Director's Dealing 2020

Dec 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZYNEX INC (ZYXI)
CIK: 0000846475
Period of Report: 2020-11-30

Reporting Person: Sandgaard Thomas (Director, President, CEO and Chairman, 10% Owner)
Reporting Person: Sandgaard Holdings LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-27	Common Stock	J	11386450	—	Acquired	13794521	Direct
2020-08-27	Common Stock	J	11386450	—	Disposed	1295550	Indirect
2020-11-30	Common Stock	J	194333	—	Disposed	1101217	Indirect
2020-11-30	Common Stock	J	9068	—	Disposed	1092149	Indirect

Footnotes

F1: In connection with the estate planning transactions discussed herein, on August 27, 2020, Mr. Sandgaard re-registered, resulting in direct ownership of, 11,386,450 additional shares of the Issuer's common stock previously owned indirectly through Sandgaard Holdings LLC.

F2: Includes 75,000 restricted stock grants that have previously vested and 25,000 restricted stock grants that vest within 60 days but excludes options to purchase 191,750 shares of common stock that are exercisable within 60 days and excludes options to purchase 2,250 shares of common stock that would not vest within 60 days.

F3: see Exhibit 99.1

F4: Reflects the disposition of pecuniary interest in 194,333 shares of common stock held by Sandgaard Holdings LLC, which shares are attributable to the ownership interest in Sandgaard Holdings LLC transferred to The Sandgaard Family Trust.

F5: Reflects the disposition of pecuniary interest in 9,068 shares of common stock held by Sandgaard Holdings LLC, which shares are attributable to the ownership interest in Sandgaard Holdings LLC transferred to Thomas Sandgaard 2020 Voting Trust.

F6: Mr. Sandgaard transferred all of his ownership interests in Sandgaard Holdings LLC of which Mr. Thomas Sandgaard remains the sole manager. The transfers of Mr. Sandgaard's ownership interests in Sandgaard Holdings LLC were effected for tax and estate planning purposes. In addition to the dispositions of pecuniary interest described herein, this report is intended to update the changed nature of the indirect holdings. Sandgaard Holdings LLC remains the holder of 1,295,550 shares of common stock, the pecuniary interest over which is attributable to the various trusts, and in the relative percentages, described above.