ChronoScale Corp (CHRN) awards director 200,000 restricted stock shares
Rhea-AI Filing Summary
Schaap Andrew Cordell reported acquisition or exercise transactions in this Form 4 filing.
ChronoScale Corp director Andrew Cordell Schaap received an equity grant of 200,000 shares of Common Stock as restricted stock. The grant was made on June 29, 2026 at a stated price of $0.00 per share and brings his reported direct holdings to 200,000 shares.
The award vests in two equal installments: 100,000 restricted shares vest on the one-year anniversary of the June 29, 2026 grant date and 100,000 restricted shares vest on the two-year anniversary. Vesting requires his continuous service with ChronoScale through each vesting date, with potential adjustment or accelerated vesting under certain conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 200,000 shares
Net Buy
1 txn
Insider
Schaap Andrew Cordell
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 200,000 shares (Direct)
Footnotes (1)
- F1. Represents restricted shares of common stock of ChronoScale Corporation (the "Issuer") granted on June 29, 2026 (the "Grant Date") which vest as follows: (i) 100,000 restricted shares will vest on the one-year anniversary of the Grant Date; and (ii) 100,000 restricted shares will vest on the two-year anniversary of the Grant Date, subject to the Reporting Person's continuous service with the Issuer through the applicable vesting date and subject to adjustment or accelerated vesting upon certain conditions.
Key Figures
Restricted stock grant: 200,000 shares
Grant price per share: $0.00 per share
Post-grant holdings: 200,000 shares
+2 more
5 metrics
Restricted stock grant
200,000 shares
Common Stock awarded June 29, 2026
Grant price per share
$0.00 per share
Restricted stock award to director
Post-grant holdings
200,000 shares
Total Common Stock held directly after transaction
First vesting tranche
100,000 shares
Vest on one-year anniversary of June 29, 2026 grant date
Second vesting tranche
100,000 shares
Vest on two-year anniversary of June 29, 2026 grant date
Key Terms
restricted shares, Grant Date, continuous service, accelerated vesting, +1 more
5 terms
Grant Date financial
"granted on June 29, 2026 (the "Grant Date") which vest as follows"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
continuous service financial
"subject to the Reporting Person's continuous service with the Issuer through the applicable vesting date"
accelerated vesting financial
"subject to adjustment or accelerated vesting upon certain conditions"
A contract feature that makes stock awards, options, or restricted shares become owned or exercisable earlier than the original schedule. It shortens or cancels the waiting period so recipients can sell, transfer, or exercise their equity sooner — think of a timed lock that is unlocked ahead of schedule. It matters to investors because it changes when shares enter the market, who controls them, and how much dilution or ownership concentration happens.
Grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did ChronoScale Corp (CHRN) report for Andrew Schaap?
ChronoScale Corp reported that director Andrew Cordell Schaap received a grant of 200,000 restricted shares of Common Stock. The shares were awarded on June 29, 2026 at a stated price of $0.00 per share as part of his equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
