APUS · Apimeds Pharmaceuticals US, Inc. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these condensed consolidated financial statements are issued.”View the 10-Q filed Aug 14, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-11-11 | Koo Jakap |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's employment continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the Company's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full vest upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
10,000 |
| 2025-11-11 | Yoon Hankil |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's employment continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the Company's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full vest upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
10,000 |
| 2025-11-11 | Weintraub Bennett |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's employment continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the Company's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full vest upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
10,000 |
| 2025-11-11 | O'DONNELL CAROL A |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's employment continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the Company's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full vest upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
10,000 |
| 2025-11-11 | Kogan Elona Esq. |
General Counsel |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's employment continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the Company's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full vest upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
10,000 |
| 2025-10-15 | O'DONNELL CAROL A |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's service to the issuer continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the issuer's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
3,000 |
| 2025-10-15 | Kogan Elona Esq. |
General Counsel |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's service to the issuer continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the issuer's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
3,000 |
| 2025-10-15 | Koo Jakap |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's service to the issuer continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the issuer's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
3,000 |
| 2025-10-15 | Weintraub Bennett |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's service to the issuer continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the issuer's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
3,000 |
| 2025-10-15 | Emerson Erik C. |
Insider |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's service to the issuer continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the issuer's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
215,000 |
| 2025-10-15 | Kim Christopher |
Director, Chairman and CMO |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's service to the issuer continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the issuer's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
3,000 |
| 2025-10-15 | Yoon Hankil |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The shares of common stock subject to the option shall vest in quarterly installments beginning October 1, 2025, such that the award shall be fully vested after three years subject to the reporting person's service to the issuer continuing through and on each vesting date. This option is not exercisable until stockholder approval is obtained to approve an amendment to the issuer's incentive plan (the "Plan") to increase the number of shares of common stock available for issuance under the Plan. The shares of common stock subject to the option shall vest in full upon the occurrence of a Change in Control, as defined in the Plan. |
Stock Option (right to buy)
|
3,000 |
| 2025-05-16 | Kim Christopher |
Director, Chairman and CMO |
Award↑
|
Common Stock, par value $0.01 per share
|
250,000 |
| 2025-05-16 | Koo Jakap |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The option will vest in full and become exercisable on 05/16/2026. |
Stock Option (right to buy)
|
5,780 |
| 2025-05-16 | Weintraub Bennett |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The option will vest in full and become exercisable on 05/16/2026. |
Stock Option (right to buy)
|
5,780 |
| 2025-05-16 | Yoon Hankil |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The option will vest in full and become exercisable on 05/16/2026. |
Stock Option (right to buy)
|
5,780 |
| 2025-05-16 | Emerson Erik C. |
Insider |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Forty percent (40%) of the options vested immediately upon grant, and the remainder will vest in three equal annual installments beginning on 05/16/2026. The reporting person has agreed not to sell any shares underlying the options, even if exercised, for a period of three years from the date of grant. |
Stock option (right to buy)
|
347,279 |
| 2025-05-16 | Kogan Elona Esq. |
General Counsel |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The option will vest in full and become exercisable on 05/16/2026. |
Stock Option (right to buy)
|
5,780 |
| 2025-05-16 | O'DONNELL CAROL A |
Director |
Award↑
Filing footnotes — Stock Option (right to buy) (Direct)
The option will vest in full and become exercisable on 05/16/2026. |
Stock Option (right to buy)
|
5,780 |
| 2025-05-16 | Emerson Erik C. |
Insider |
Award↑
|
Common Stock, par value $0.01 per share
|
750,000 |
| 2025-05-14 | Kim Christopher |
Director, Chairman and CMO |
Buy↑
Filing footnotes — Common Stock, par value $0.01 per share (Direct)
The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to Apimeds Pharmaceuticals US, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2)-(3) to this Form 4. These shares were sold in multiple transactions at prices ranging from $1.84 to $1.89, inclusive. |
Common Stock, par value $0.01 per share
|
7,730 |
| 2025-05-13 | Kim Christopher |
Director, Chairman and CMO |
Buy↑
Filing footnotes — Common Stock, par value $0.01 per share (Direct)
The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to Apimeds Pharmaceuticals US, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2)-(3) to this Form 4. These shares were sold in multiple transactions at prices ranging from $1.75 to $1.86, inclusive. |
Common Stock, par value $0.01 per share
|
19,770 |
| 2025-05-12 | Inscobee Inc. |
10% Owner |
Other↑
Filing footnotes — Convertible Promissory Note (Direct)
On May 12, 2025, the Issuer completed a Qualified Financing and all outstanding principal and accrued and unpaid interest owed under the note converted into common stock at the Conversion Price. On March 21, 2022, Apimeds Pharmaceuticals US, Inc. (the "Issuer") issued to Inscobee Inc. ("Inscobee") a convertible promissory note in the principal amount of $160,000 (as amended, the "March 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the March 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of an offering of the Issuer's common stock resulting in the listing of the Issuer's common stock on the NYSE American, or other national securities exchange (a "Qualified Offering"). The March 2022 Note bears interest at an annual rate of 5%. The March 2022 Note is convertible into shares of common stock at a conversion price of $2.60 per share (the "Conversion Price"). The amount reported in Column 3 of Table II represents the original principal amount of $160,000, plus $24,833 of accrued and unpaid interest. |
Convertible Promissory Note
|
0 |
| 2025-05-12 | Koo Jakap |
Director |
Buy↑
Filing footnotes — Common Stock, par value $0.01 per share (Direct)
The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to Apimeds Pharmaceuticals US, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4. These shares were sold in multiple transactions at prices ranging from $1.9774 to $2.2000, inclusive. |
Common Stock, par value $0.01 per share
|
28,500 |
| 2025-05-12 | Inscobee Inc. |
10% Owner |
Other↑
Filing footnotes — Common Stock, par value $0.01 per share (Direct)
On May 12, 2025, the Issuer completed a Qualified Financing and all outstanding principal and accrued and unpaid interest owed under the note converted into common stock at the Conversion Price. On June 3, 2022, the Issuer issued to Inscobee a convertible promissory note in the principal amount of $100,000 (as amended, the "June 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the June 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of a Qualified Offering. The June 2022 Note bears interest at an annual rate of 5%. The June 2022 Note is convertible into shares of common stock at the Conversion Price. The amount reported in Column 3 of Table II represents the original principal amount of $100,000, plus $14,507 of accrued and unpaid interest. |
Common Stock, par value $0.01 per share
|
44,041 |
| 2025-05-12 | Inscobee Inc. |
10% Owner |
Other↑
Filing footnotes — Convertible Promissory Note (Direct)
On May 12, 2025, the Issuer completed a Qualified Financing and all outstanding principal and accrued and unpaid interest owed under the note converted into common stock at the Conversion Price. On June 3, 2022, the Issuer issued to Inscobee a convertible promissory note in the principal amount of $100,000 (as amended, the "June 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the June 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of a Qualified Offering. The June 2022 Note bears interest at an annual rate of 5%. The June 2022 Note is convertible into shares of common stock at the Conversion Price. The amount reported in Column 3 of Table II represents the original principal amount of $100,000, plus $14,507 of accrued and unpaid interest. |
Convertible Promissory Note
|
0 |
| 2025-05-12 | Inscobee Inc. |
10% Owner |
Other↑
Filing footnotes — Common Stock, par value $0.01 per share (Direct)
On March 21, 2022, Apimeds Pharmaceuticals US, Inc. (the "Issuer") issued to Inscobee Inc. ("Inscobee") a convertible promissory note in the principal amount of $160,000 (as amended, the "March 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the March 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of an offering of the Issuer's common stock resulting in the listing of the Issuer's common stock on the NYSE American, or other national securities exchange (a "Qualified Offering"). The March 2022 Note bears interest at an annual rate of 5%. The March 2022 Note is convertible into shares of common stock at a conversion price of $2.60 per share (the "Conversion Price"). The amount reported in Column 3 of Table II represents the original principal amount of $160,000, plus $24,833 of accrued and unpaid interest. On May 12, 2025, the Issuer completed a Qualified Financing and all outstanding principal and accrued and unpaid interest owed under the note converted into common stock at the Conversion Price. |
Common Stock, par value $0.01 per share
|
71,090 |