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SCHEDULE 13D/A Filed 2026-04-08 Event 2026-04-06 Intent: STRATEGIC SEC 0000921895-26-000945 →

Chernett Jorey Neuronetics, Inc. STIM

Stake: 14.12% Shares: 9,778,718 CUSIP: 64131A105 Class: Common Stock, $0.01 par value
AI Analyst Brief conf: high
Chernett Jorey, holding 14.12% of STIM, sent a letter to the board on April 6 demanding a strategic alternatives review including a potential sale or divestiture of the core TMS business — a direct operational challenge to management with no prior activist presence on this issuer and no insider buying to suggest internal alignment.

Item 4 — Purpose of Transaction

Item 4 is hereby amended to add the following: On April 6, 2026, the Reporting Person delivered a letter (the "Letter") to the Board of Directors of the Issuer (the "Board") calling for the immediate initiation of a comprehensive review of strategic alternatives, including the potential sale of the Issuer's transcranial magnetic stimulation ("TMS") business. In the Letter, the Reporting Person expressed the view that the Issuer's current structure and strategy are not maximizing shareholder value and that separating or divesting the TMS business should be evaluated as part of a broader strategic review. The Reporting Person also noted that such a transaction could enhance the Issuer's financial flexibility and allow for a more focused strategic direction. The Reporting Person urged the Board to engage qualified investment bankers and immediately commence a formal process to evaluate strategic alternatives. A copy of the Letter is filed as Exhibit 1 to this Amendment No. 1 and is incorporated herein by reference.

Cross-References

Insider Activity (last 365d)
0 transactions
0 buys · 0 sales · 0 awards/exercises
Issuer Cluster
1 13D/G filings on this issuer
0 other filings besides this one
Filer Track Record
1 filings by this filer
0 other filings in the data moat
Short Interest · settle 2026-03-31
DTC 3.39
9,377,645 shares short · +0.2% vs prior

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