ITEM 8.01. Other Events.
On May 4, 2020, Thomas Sandgaard, Chief Executive Officer and Chairman of Zynex,
Inc., a Nevada corporation (the "Company"), adopted a written sales plan in
accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended
(the "Plan") for the sale of up to 500,000 shares of the Company's common stock
owned by Mr. Sandgaard and his affiliated entity during the period beginning
June 1, 2020 and ending on May 1, 2021, subject to applicable securities laws,
including Rule 144. The Plan provides for the sale of the shares at minimum
prices ranging from $30.10 to $50.10.
Rule 10b5-1 permits corporate officers, directors and others to adopt written,
pre-arranged stock trading plans when they are not in possession of material,
non-public information. Using these plans, insiders may gradually diversify
their investment portfolios and spread stock trades over a period of time
regardless of any material, non-public information they may receive after
adopting their plans. In accordance with Rule 10b5-1, Mr. Sandgaard will have no
discretion over the sales of his shares of common stock under the Plan.
Any stock sales made under the Plan for Mr. Sandgaard will be publicly
disclosed, as required by applicable securities laws. Except as may be required
by applicable law, the Company does not undertake to report modifications,
terminations or other activities under the Plan for Mr. Sandgaard.
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