---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024593"
form_type: "8-K"
ticker: "LFMD"
cik: "0000948320"
company_name: "LifeMD, Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:33:20.277493+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# LifeMD cancels CFO's underwater options; grants 536,250 performance-vested restricted shares

## Summary
- CFO Marc Benathen's 200,000 stock options (strike $21.02) and 250,000 performance units cancelled.
- New grant: 536,250 restricted shares; 25,000 RSUs accelerated to immediate vest.
- Performance milestones: $100M revenue/5% EBITDA margin by 2025; $200M/10% by 2027.
- Time-based vesting: 50,000 shares vest Jan 1, 2024; 75,000 on Jan 1, 2025.
- All unvested shares vest immediately upon change of control or termination without cause.

## SEC filing metadata
- accession: 0001493152-23-024593
- form_type: 8-K
- ticker: LFMD
- cik: 0000948320
- company_name: LifeMD, Inc.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948320/000149315223024593/0001493152-23-024593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948320/000149315223024593/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024593
- JSON: https://secwatch.observer/filing/0001493152-23-024593.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024593.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.