KRMDNasdaqSurgical & Medical Instruments & ApparatusFiscal year ends December 31
KORU Medical Systems, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$3.02+0.02 (+0.67%)
Close on Oct 19, 2026
- Market cap
- $149.52M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
44.5%
21M of 46M shares
Institutional holders
85
12 new, 17 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
9 buys · 0 sales
Net bought $1.63M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Joseph M. Manko, Jr. | 5,845,045 | 12.62% | 13D (active) amendment | Feb 13, 2026 |
| Topline Capital Management, LLC | 3,941,014 | 8.50% | 13G (passive) amendment | Dec 31, 2025 |
| Mathew P. Arens | 3,831,475 | 8.27% | 13G (passive) amendment | Dec 31, 2025 |
| BlackRock, Inc. | 2,575,761 | 5.60% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of KRMD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| First Light Asset Management, LLC | 3,387,902 | 7.34% | $14.23M | −380,478 | 0.86% |
| Topline Capital Management, LLC | 3,373,842 | 7.31% | $14.17M | −141,069 | 3.67% |
| BlackRock, Inc. | 2,628,352 | 5.69% | $11.04M | +256,526 | 0.00% |
| Vanguard Capital Management LLC | 1,818,121 | 3.94% | $7.64M | +131,897 | 0.00% |
| Geode Capital Management, LLC | 1,128,096 | 2.44% | $4.74M | +76,888 | 0.00% |
| Simcoe Capital LLC | 827,393 | 1.79% | $3.48M | +16,146 | 2.12% |
| Meros Investment Management, LP | 759,664 | 1.65% | $3.19M | −787 | 1.01% |
| Lionhunter Capital Management, LLC | 693,139 | 1.50% | $2.91M | New | 1.31% |
| State Street Corp | 646,572 | 1.40% | $2.72M | −2,657 | 0.00% |
| Archon Capital Management LLC | 642,923 | 1.39% | $2.70M | – | 1.10% |
| Hrt Financial LP | 353,172 | 0.76% | $1.48K | New | 0.00% |
| Northern Trust Corp | 347,173 | 0.75% | $1.46M | +24,921 | 0.00% |
| Vanguard Fiduciary Trust Co | 326,097 | 0.71% | $1.37M | +19,644 | 0.00% |
| Morgan Stanley | 322,959 | 0.70% | $1.36M | −46,067 | 0.00% |
| Vanguard Portfolio Management LLC | 309,833 | 0.67% | $1.30M | +54,378 | 0.00% |
| White Pine Capital LLC | 284,103 | 0.62% | $1.19M | −119,389 | 0.28% |
| Russell Investments Group, Ltd. | 269,586 | 0.58% | $1.13M | −153,833 | 0.00% |
| Qube Research & Technologies Ltd | 199,939 | 0.43% | $839.74K | +20,925 | 0.00% |
| Albion Financial Group /Ut | 186,374 | 0.40% | $782.77K | −30,000 | 0.05% |
| Renaissance Technologies LLC | 164,900 | 0.36% | $692.58K | +119,000 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 85 | 21M | 44.5% | 12 / 31 | 25 / 17 | 2M | 3M |
| Q1 2026 | 91 | 21M | 45.5% | 19 / 30 | 23 / 11 | 4M | 1M |
| Q4 2025 | 84 | 21M | 45.3% | 16 / 27 | 22 / 8 | 2M | 2M |
| Q3 2025 | 76 | 20M | 43.6% | 7 / 27 | 17 / 10 | 2M | 1M |
| Q2 2025 | 79 | 19M | 42.0% | 23 / 20 | 19 / 22 | 5M | 3M |
| Q1 2025 | 79 | 17M | 37.8% | 20 / 28 | 13 / 5 | 3M | 2M |
| Q4 2024 | 64 | 17M | 37.2% | 14 / 17 | 17 / 3 | 5M | 1M |
| Q3 2024 | 54 | 13M | 27.7% | 5 / 11 | 24 / 15 | 1M | 3M |
| Q2 2024 | 65 | 14M | 31.1% | 22 / 10 | 23 / 16 | 2M | 7M |
| Q1 2024 | 59 | 19M | 41.3% | 7 / 20 | 18 / 6 | 1M | 1M |
| Q4 2023 | 58 | 19M | 40.4% | 7 / 19 | 15 / 4 | 1M | 0M |
| Q3 2023 | 55 | 18M | 39.0% | 5 / 17 | 13 / 12 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of KRMD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,254,742 | 2.72% | $5.27M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,140,548 | 2.47% | $4.79M | 0.01% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 520,942 | 1.13% | $2.19M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 488,221 | 1.06% | $2.01M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 423,433 | 0.92% | $1.78M | 0.01% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 241,876 | 0.52% | $982.02K | 0.00% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 222,972 | 0.48% | $905.27K | 0.01% | May 31, 2026 |
| iShares Micro-Cap ETF | 151,633 | 0.33% | $636.86K | 0.04% | Jun 30, 2026 |
| SIMT Tax-Managed Small/Mid Cap Fund | 129,708 | 0.28% | $544.77K | 0.07% | Jun 30, 2026 |
| Schwab Small-Cap Index Fund | 113,897 | 0.25% | $468.12K | 0.01% | Jul 31, 2026 |
| Fidelity Total Market Index Fund | 83,808 | 0.18% | $340.26K | 0.00% | May 31, 2026 |
| Master Small Cap Index Series | 73,581 | 0.16% | $309.04K | 0.01% | Jun 30, 2026 |
| Fidelity Series Total Market Index Fund | 70,974 | 0.15% | $288.15K | 0.00% | May 31, 2026 |
| Goldman Sachs ActiveBeta(R) U.S. Small Cap Equity ETF | 65,630 | 0.14% | $266.46K | 0.03% | May 31, 2026 |
| Acuitas US Microcap Fund | 56,139 | 0.12% | $235.78K | 0.20% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Linda M. Tharby | Chief Executive Officer, Director | 620,622 | 1.34% | May 20, 2026 |
| Adam R. Kalbermatten | Chief Commercial Officer | 394,017 | 0.85% | Sep 9, 2026 |
| Eric Schiller | Chief Technology Officer | 5,000 | 0.01% | May 20, 2026 |
| Christopher Pazdan | Chief Operating Officer | 308,988 | 0.67% | May 18, 2026 |
| Thomas Edward Adams | Chief Financial Officer | 307,688 | 0.67% | May 18, 2026 |
| Kenneth E. Miller | Chief Commercial Officer | 5,893 | 0.01% | Mar 21, 2025 |
| Shahriar Matin | Director | 101,144 | 0.22% | Jul 1, 2026 |
| Donna French | Director | 98,514 | 0.21% | Jul 1, 2026 |
| R. John Fletcher | Director | 232,157 | 0.50% | Jul 1, 2026 |
| Robert Cascella | Director | 98,155 | 0.21% | Jul 1, 2026 |
| Joseph M. Manko Jr. | Director, 10% owner | 506,033 | 1.10% | Jul 1, 2026 |
| Edward Wholihan | Director | 51,312 | 0.11% | Jul 1, 2026 |
| Horton Capital Partners Fund, L.P. | 10% owner | 6,380,430 | 13.82% | Jul 1, 2026 |
| Horton Capital Management, LLC | 10% owner | 6,347,535 | 13.75% | Jul 1, 2026 |
| Horton Capital Partners, LLC | 10% owner | 5,852,088 | 12.67% | Jul 1, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Adam R. Kalbermatten Chief Commercial Officer | Sep 8, 2026 | Buy | +32,000 | $3.16 | $101.12K | 394,017 |
| Adam R. Kalbermatten Chief Commercial Officer | Jul 28, 2026 | Tax withholding | −25,483 | $4.26 | $108.56K | 362,017 |
| Adam R. Kalbermatten Chief Commercial Officer | Jul 28, 2026 | Option exercise | +75,000 | – | – | 387,500 |
| Robert Cascella Director | Jul 1, 2026 | Award | +3,571 | $4.20 | $15.00K | 98,155 |
| Donna French Director | Jul 1, 2026 | Award | +3,571 | $4.20 | $15.00K | 98,514 |
| Shahriar Matin Director | Jul 1, 2026 | Award | +3,571 | $4.20 | $15.00K | 101,144 |
| Edward Wholihan Director | Jul 1, 2026 | Award | +3,571 | $4.20 | $15.00K | 51,312 |
| R. John Fletcher Director | Jul 1, 2026 | Award | +5,357 | $4.20 | $22.50K | 232,157 |
| Horton Capital Partners, LLC 10% owner | Jun 30, 2026 | Award | +3,571 | – | – | 5,069,541 |
| Adam R. Kalbermatten President-Chief Commercial Off | Jun 11, 2026 | Buy | +5,000 | $3.96 | $19.80K | 305,000 |
| Adam R. Kalbermatten President-Chief Commercial Off | Jun 11, 2026 | Buy | +7,500 | $3.93 | $29.48K | 312,500 |
| Eric Schiller Chief Technology Officer | May 18, 2026 | Buy | +5,000 | $3.91 | $19.55K | 5,000 |
| Linda M. Tharby Chief Executive Officer, Director | May 15, 2026 | Buy | +1,191 | $1191.00 | $1.42M | 620,622 |
| Linda M. Tharby Chief Executive Officer, Director | May 15, 2026 | Buy | +1,191 | $3.92 | $4.67K | 620,622 |
| Linda M. Tharby Chief Executive Officer, Director | May 14, 2026 | Tax withholding | −7,326 | $3.94 | $28.86K | 619,431 |
| Linda M. Tharby Chief Executive Officer, Director | May 14, 2026 | Option exercise | +13,977 | – | – | 626,757 |
| Christopher Pazdan Chief Operating Officer | May 14, 2026 | Tax withholding | −1,470 | $3.94 | $5.79K | 308,988 |
| Christopher Pazdan Chief Operating Officer | May 14, 2026 | Option exercise | +5,327 | – | – | 310,458 |
| Thomas Edward Adams Chief Financial Officer | May 14, 2026 | Buy | +5,041 | $3.86 | $19.46K | 307,688 |
| Thomas Edward Adams Chief Financial Officer | May 14, 2026 | Buy | +459 | $3.90 | $1.79K | 308,147 |
| Thomas Edward Adams Chief Financial Officer | May 14, 2026 | Tax withholding | −2,900 | $3.94 | $11.43K | 313,440 |
| Thomas Edward Adams Chief Financial Officer | May 14, 2026 | Option exercise | +8,193 | – | – | 316,340 |
| Christopher Pazdan Chief Operating Officer | May 14, 2026 | Buy | +5,000 | $3.88 | $19.40K | 305,131 |
| Donna French Director | Apr 1, 2026 | Award | +3,472 | $4.32 | $15.00K | 94,943 |
| Edward Wholihan Director | Apr 1, 2026 | Award | +3,472 | $4.32 | $15.00K | 47,741 |
| Robert Cascella Director | Apr 1, 2026 | Award | +3,472 | $4.32 | $15.00K | 94,584 |
| Shahriar Matin Director | Apr 1, 2026 | Award | +3,472 | $4.32 | $15.00K | 97,573 |
| R. John Fletcher Director | Apr 1, 2026 | Award | +5,208 | $4.32 | $22.50K | 226,800 |
| Horton Capital Partners, LLC 10% owner | Mar 31, 2026 | Award | +3,472 | – | – | 5,065,970 |
| Horton Capital Partners, LLC 10% owner | Mar 31, 2026 | Award | +3,472 | – | – | 5,065,970 |
| Linda M. Tharby Chief Executive Officer, Director | Mar 16, 2026 | Tax withholding | −5,756 | $4.28 | $24.64K | 10,212 |
| Linda M. Tharby Chief Executive Officer, Director | Mar 16, 2026 | Option exercise | +15,968 | – | – | 15,968 |
| Christopher Pazdan Chief Operating Officer | Mar 16, 2026 | Tax withholding | −1,628 | $4.28 | $6.97K | 3,436 |
| Christopher Pazdan Chief Operating Officer | Mar 16, 2026 | Option exercise | +5,064 | – | – | 5,064 |
| Thomas Edward Adams Chief Financial Officer | Mar 16, 2026 | Option exercise | +5,404 | – | – | 5,404 |
| Thomas Edward Adams Chief Financial Officer | Mar 16, 2026 | Tax withholding | −2,123 | $4.28 | $9.09K | 3,281 |
| Horton Capital Partners, LLC 10% owner | Feb 13, 2026 | Other | −750,000 | – | – | 0 |
| Horton Capital Partners, LLC 10% owner | Feb 13, 2026 | Other | −770,418 | – | – | 5,062,498 |
| Horton Capital Partners, LLC 10% owner | Feb 13, 2026 | Other | +282,347 | – | – | 782,547 |
| Horton Capital Partners, LLC 10% owner | Feb 13, 2026 | Other | +750,000 | – | – | 750,000 |
| Eric Schiller Chief Technology Officer | Jan 2, 2026 | Award | +76,426 | – | – | 76,426 |
| Robert Cascella Director | Jan 2, 2026 | Award | +2,581 | $5.81 | $15.00K | 91,112 |
| Edward Wholihan Director | Jan 2, 2026 | Award | +2,581 | $5.81 | $15.00K | 44,269 |
| R. John Fletcher Director | Jan 2, 2026 | Award | +3,872 | $5.81 | $22.50K | 221,592 |
| Shahriar Matin Director | Jan 2, 2026 | Award | +2,581 | $5.81 | $15.00K | 94,101 |
| Donna French Director | Jan 2, 2026 | Award | +2,581 | $5.81 | $15.00K | 91,471 |
| Joseph M. Manko Jr. Director, 10% owner | Dec 31, 2025 | Gift | −17,000 | – | – | 500,200 |
| Joseph M. Manko Jr. Director, 10% owner | Dec 31, 2025 | Award | +2,581 | – | – | 5,833 |
| Horton Capital Management, LLC 10% owner | Nov 26, 2025 | Other | −41,000 | – | – | 5,830,335 |
| Linda M. Tharby President and CEO, Director | Oct 16, 2025 | Award | +29,463 | $4.08 | $120.21K | 1,052,626 |
| Donna French Director | Oct 2, 2025 | Award | +3,916 | $3.83 | $15.00K | 88,890 |
| R. John Fletcher Director | Oct 2, 2025 | Award | +5,874 | $3.83 | $22.50K | 217,720 |
| Shahriar Matin Director | Oct 2, 2025 | Award | +3,916 | $3.83 | $15.00K | 91,520 |
| Edward Wholihan Director | Oct 2, 2025 | Award | +3,916 | $3.83 | $15.00K | 41,688 |
| Robert Cascella Director | Oct 2, 2025 | Award | +3,916 | $3.83 | $15.00K | 88,531 |
| Horton Capital Partners, LLC 10% owner | Sep 30, 2025 | Award | +3,916 | – | – | 5,871,335 |
| Adam R. Kalbermatten Chief Commercial Officer | Jul 28, 2025 | Award | +300,000 | – | – | 300,000 |
| Edward Wholihan Director | Jul 2, 2025 | Award | +4,189 | $3.58 | $15.00K | 37,772 |
| Shahriar Matin Director | Jul 2, 2025 | Award | +4,189 | $3.58 | $15.00K | 87,604 |
| Robert Cascella Director | Jul 2, 2025 | Award | +4,189 | $3.58 | $15.00K | 84,615 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Adam R. Kalbermatten Officer | Aug 3, 2026 | 25,483 | $108.63K | Aug 3, 2026 | Restricted Stock Award |
| Linda M. Tharby Officer | May 14, 2026 | 7,326 | $28.92K | May 14, 2026 | Restricted Stock Units |
| Linda M. Tharby Officer | Apr 21, 2025 | 23,587 | $51.96K | Apr 21, 2025 | Restricted Stock Awards |
| Christopher Pazdan Officer | Mar 19, 2025 | 14,490 | $41.16K | Mar 19, 2025 | Restricted Stock Units |
| Linda M. Tharby Officer | Mar 19, 2025 | 29,813 | $84.50K | Mar 19, 2025 | Restricted Stock Awards |
| Linda M. Tharby Officer | Mar 17, 2025 | 8,848 | $25.55K | Mar 17, 2025 | Restricted Stock Units |