Timothy Chole Form 3 ROCKWELL MEDICAL / Timothy Chole ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Chole Timothy

(Last)

(First)

(Middle)

C/O ROCKWELL MEDICAL, INC.

30142 WIXOM ROAD

(Street)

WIXOM

48393

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/21/2024

3. Issuer Name and Ticker or Trading Symbol
ROCKWELL MEDICAL, INC. [ RMTI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, CHIEF COMMERCIAL OFFICER

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	33,330⁽¹⁾	D
Common Stock	25,665⁽²⁾⁽³⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Qualified Stock Options	⁽⁴⁾	12/16/2029	Common Stock	4,545	24.2	D
Non-Qualified Stock Options	⁽⁵⁾	06/11/2030	Common Stock	13,636	22.44	D
Non-Qualified Stock Options	⁽⁶⁾	05/03/2031	Common Stock	13,636	10.38	D
Non-Qualified Stock Options	⁽⁷⁾	09/09/2032	Common Stock	60,000	1.66	D
Non-Qualified Stock Options	⁽⁸⁾	03/17/2033	Common Stock	32,990	1.37	D
Non-Qualified Stock Options	⁽⁹⁾	03/14/2034	Common Stock	47,190	1.39	D

Explanation of Responses:

1. Restricted stock units fully vest on March 14, 2027, subject to the Reporting Person's continued service to the Issuer.

2. Restricted stock units fully vest on March 17, 2025, subject to the Reporting Person's continued service to the Issuer.

3. Includes 12,832 shares of unvested common stock.

4. Stock options vested in three equal installments on the first, second and third anniversaries of December 16, 2019.

5. Stock options vested in three equal installments on the first, second and third anniversaries of June 11, 2020.

6. Stock options vest in two equal installments on the second and fourth anniversaries of May 3, 2021, subject to the Reporting Person's continued service to the Issuer.

7. Stock options vest in four equal installments on the first, second, third and fourth anniversaries of September 9, 2022, subject to the Reporting Person's continued service to the Issuer.

8. Stock options vest 25% on the first anniversary of March 17, 2023, with the remainder vesting in equal monthly installments through March 17, 2027, subject to the Reporting Person's continued service to the Issuer.

9. Stock options vest 25% on the first anniversary of March 14, 2024, with the remainder vesting in equal monthly installments through March 17, 2027, subject to the Reporting Person's continued service to the Issuer.

Remarks:

Ex. 24 - Power of Attorney

	/s/ Megan Timmins, Attorney-in-Fact for Timothy Chole	05/30/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Timothy Chole Form 3ROCKWELL MEDICAL / Timothy Chole ownership change