Co-Diagnostics Securities: $6,500,000 Settlement Fund

Who can actually receive a payment under the proposed allocation plan?

• The Class definition covers people and entities that bought publicly traded Co-Dx securities during the stated period and were damaged, unless excluded. But the payment calculation starts on May 13, 2022 because the first alleged false statement was after the market closed on May 12.
• For a stock purchase or call option to have a recognized loss under the proposed plan, it must have remained open after the August 11, 2022 market close. A put option must have been sold (written) and still open then. Stock, calls, or puts closed by that market close receive a zero recognized loss under the plan.
• Only Co-Diagnostics common stock, call options, and put options are eligible securities. For options, the contract series must appear in the notice’s option tables; options that expired before August 11, 2022 or are not listed there have a zero recognized loss.

How is a recognized loss calculated for Co-Diagnostics common stock?

• For common stock bought from May 13 through the August 11 market close and sold after that market close but before November 9, the recognized loss is the lowest of: $2.08 per share, the purchase price minus the average closing price from August 12 through the sale date, or the purchase price minus the sale price.
• For eligible shares held through November 9, the recognized loss is the lower of $2.08 per share or the purchase price minus $3.36. These are calculation rules used to divide the fund, not a promise of the amount you will receive.

How are call and put options handled?

• Each exchange-traded option contract represents 100 underlying shares. The notice’s option values are stated per underlying share, or one-hundredth of a contract.
• For an eligible call option still open after the August 11 market close, the recognized loss per share is the lower of the inflation value in Table 2 and the actual purchase price minus that option’s August 12 holding value.
• For an eligible written put that remained open after that market close, the recognized loss per share is the lower of the deflation value in Table 3 and the August 12 holding value minus the actual sale price.

What documents do I need for a claim?

• You must submit a completed Claim Form with adequate supporting documentation by the deadline to be eligible for a payment.
• The notice does not specify exactly which transaction documents are required. It says to keep records of your Co-Dx ownership and transactions because they may be needed to document the claim.

How and when do I submit a claim?

• Submit the Claim Form online or mail it so it is postmarked no later than January 6, 2027.
• The notice says a Claim Form was included with the notice. It also says one may be requested from the Claims Administrator by phone or obtained from the settlement website.

Is there an estimated payment amount?

• The notice estimates an average recovery of about $0.61 per allegedly damaged common share, $0.17 per allegedly damaged call-option share, and $0.28 per allegedly damaged put-option share before attorney fees, expenses, and administration costs.
• Those figures are estimates, not fixed payments. Your result depends on your transactions, the number and value of valid claims, fund deductions, and the allocation plan. Option figures are per underlying share, not per 100-share contract.

What is the $10 minimum?

• Claims with a total Recognized Claim below $10 are not included in the fund distribution.
• Even when a recognized claim is at least $10, no payment is issued if the calculated distribution amount is under $10.
• The administrator may make later distributions from uncashed or remaining funds if doing so is cost-effective. Later payments go only to people who cashed their earlier checks and would receive at least $10.

When might payments be sent?

• Payment cannot be distributed until the Court approves both the settlement and an allocation plan, and the time for petitions or appeals has expired.
• The notice also says claims processing may take substantial time. It does not give a specific payment date.

What happens if I do nothing, or if I exclude myself?

• If you do not submit a timely claim, you cannot receive a payment. If you remain in the Class, you are still bound by the settlement and give up the released claims against the defendants and related released parties.
• To leave the settlement, a written exclusion request had to be received by November 17, 2026. A valid request needed your contact information, your Class Period purchases and sales with dates, quantities, and prices, a clear request to be excluded, and your signature.
• A person who excludes themselves cannot receive money from this settlement but may pursue another case concerning the released claims, subject to any defenses or time limits.

What if I held Co-Dx securities for someone else?

• If you bought or held the eligible securities for another person or entity, such as a beneficial owner, you must either mail that owner the notice and Claim Form within 10 calendar days after receiving the notice or send the Claims Administrator that owner’s name and address within 10 calendar days.
• If you provide the owner list, the Claims Administrator will mail the notice packet. The notice permits reimbursement requests for reasonable mailing expenses if the stated requirements are met and supporting documentation is provided.