Home / Auditor changes / LifeMD, Inc.

4/5LifeMD, Inc. (LFMD): Auditor change

Filed 2025-04-25 路 Form 8-K 路 Accession 0001641172-25-006228 micro

Market data

Price before filing: $6.06 (2025-04-24 close, split/dividend-adjusted)
Market cap at flag: $270.4M (2025-04-25) 路 Latest: $111.8M (2026-10-16)

What happened next

WindowLFMDSPYvs SPY
30 days+90.4%+8.1%+82.3%2025-05-27
90 days+76.1%+16.4%+59.7%2025-07-24
180 days+1.5%+22.9%-21.4%2025-10-22

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 2 insiders sold $547K (2 sales)
30 days after: 1 insider sold $577K (3 sales)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-02-14Schreiber Justin
Chief Executive Officer, Director
Sale50,000$7.55$378KyesForm 4
2025-03-14FRIEDEMAN JESSICA
Chief Marketing Officer
Sale30,000$5.66$170KnoForm 4
2025-04-25: red flag filed
2025-04-29Schreiber Justin
Chairman and CEO, Director
Sale50,000$7.78$389KyesForm 4
2025-05-01Schreiber Justin
Chairman and CEO, Director
Sale21,995$7.53$166KyesForm 4
2025-05-02Schreiber Justin
Chairman and CEO, Director
Sale3,005$7.50$23KyesForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-25 to 2025-05-25. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"(the "Company", "we", "our") since 2022, informed the Company that Marcum resigned as the Company's independent registered public accounting firm."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: resigned
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.

Why this score: auditor resigned

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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