FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sandgaard Thomas
2. Issuer Name and Ticker or Trading Symbol

ZYNEX INC [ ZYXI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President, CEO and Chairman
(Last)          (First)          (Middle)

C/O ZYNEX, INC., 9555 MAROON CIRCLE
3. Date of Earliest Transaction (MM/DD/YYYY)

2/24/2020
(Street)

ENGLEWOOD, CO 80112
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2/24/2020  S  45550 D$13.10 (1)14182000 I Held by Sandgaard Holdings LLC 
Common Stock 2/24/2020  S  50000 D$13.60 (2)14132000 I Held by Sandgaard Holdings LLC 
Common Stock 2/24/2020  S  5721 D$14.10 14126279 (3)I Held by Sandgaard Holdings LLC 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Represents the weighted average sales price for the shares, which range from $13.1 to $13.555 per share. Upon request by the Commission, the Issuer or the Reporting Person shall provide full information regarding the number of shares sold at each separate price.
(2) Represents the weighted average sales price for the shares, which range from $13.6 to $13.95 per share. Upon request by the Commission, the Issuer or the Reporting Person shall provide full information regarding the number of shares sold at each separate price.
(3) Does not include 2,333,142 shares held directly by Thomas Sandgaard.

Remarks:
The shares of the Issuer's common stock listed above were sold under a Rule 10b5-1 trading plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Sandgaard Thomas
C/O ZYNEX, INC.
9555 MAROON CIRCLE
ENGLEWOOD, CO 80112
XXPresident, CEO and Chairman
Sandgaard Holdings LLC
C/O ZYNEX, INC.
9555 MAROON CIRCLE
ENGLEWOOD, CO 80112

X


Signatures
/s/ Sandgaard Thomas2/26/2020
**Signature of Reporting PersonDate

/s/ Sandgaard Thomas, Member of Sandgaard Holdings LLC2/26/2020
**Signature of Reporting PersonDate

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