ChronoScale (NASDAQ: CHRN) grants CFO 300,000 RSUs, now 364,771 shares
Rhea-AI Filing Summary
ChronoScale Holdings Corp (CHRN) reported that its Chief Financial Officer, Jerome Wong, received a grant of 300,000 restricted stock units (RSUs) on August 16, 2026. These RSUs convert into common shares on a one-for-one basis, have no expiration date, and vest one-third on May 5, 2027, with additional one-sixth installments every six months until full vesting on May 5, 2029, subject to continued service and potential accelerated vesting under certain conditions.
After this award, Wong holds 364,771 shares of common stock directly, which include 40,000 shares from vested performance-based RSUs and 24,771 shares from previously granted RSUs adjusted for a 1-for-15 reverse stock split, plus 4,184 shares indirectly via a 401(k) plan.
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Insider Trade Summary
Net Buyer: 300,000 shares
Net Buy
2 txns
Insider
Wong Jerome
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 300,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 364,771 shares (Direct);
Common Stock — 4,184 shares (Indirect, By 401(k))
Footnotes (2)
- F1. Restricted stock units ("RSUs") granted on August 16, 2026 (the "Grant Date") represent a contingent right to receive shares of common stock of ChronoScale Holdings Corporation (the "Issuer") on a one-for-one basis, have no expiration date, and vest as follows: one-third of the RSUs will vest on May 5, 2027 (the "Cliff Date"), and one-sixth of the RSUs will vest on each six month anniversary of the Cliff Date thereafter, such that the RSUs shall be fully vested on May 5, 2029, subject to the Reporting Person's continuous service with the Issuer through each applicable vesting date and subject to accelerated vesting upon certain conditions.
- F2. Includes (i) 40,000 shares of common stock of the Issuer acquired in settlement of vested performance-based restricted stock units granted to the Reporting Person on November 5, 2025 under the Issuer's Amended and Restated 2014 Equity Incentive Plan, which were amended on May 20, 2026 to allow for such settlement in lieu of cash upon accelerated vesting in connection with the previously announced closing of the business combination with Applied Digital Cloud Corporation, and (ii) 24,771 shares of common stock of the Issuer issued upon vesting of previously granted RSUs, as adjusted by a 1-for-15 reserve stock split effective June 2, 2025.
Key Figures
New RSU grant: 300,000 shares
Direct holdings after grant: 364,771 shares
Indirect 401(k) holdings: 4,184 shares
+3 more
6 metrics
New RSU grant
300,000 shares
RSUs granted to CFO on August 16, 2026
Direct holdings after grant
364,771 shares
Common stock directly owned by CFO following the reported transaction
Indirect 401(k) holdings
4,184 shares
Common stock held indirectly via 401(k) plan
Performance-based RSU settlement shares
40,000 shares
Shares acquired in settlement of vested performance-based RSUs granted November 5, 2025
Previously granted RSU vesting shares
24,771 shares
Shares issued upon vesting of prior RSUs, adjusted for 1-for-15 reverse split
Full vesting date
May 5, 2029
Date on which the new RSU grant becomes fully vested
Key Terms
restricted stock units ("RSUs"), performance-based restricted stock units, 1-for-15 reverse stock split, accelerated vesting
4 terms
restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") granted on August 16, 2026 represent a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based restricted stock units financial
"Includes 40,000 shares of common stock acquired in settlement of vested performance-based restricted stock units"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
1-for-15 reverse stock split financial
"shares of common stock issued upon vesting of previously granted RSUs, as adjusted by a 1-for-15 reverse stock split"
accelerated vesting financial
"subject to the Reporting Person's continuous service and subject to 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.
FAQ
What equity award did CHRN grant to CFO Jerome Wong on August 16, 2026?
ChronoScale Holdings Corp granted Jerome Wong 300,000 restricted stock units (RSUs) on August 16, 2026. Each RSU represents a contingent right to receive one share of CHRN common stock, subject to vesting conditions and continued service.
How do the new RSUs for CHRN CFO Jerome Wong vest over time?
The 300,000 CHRN RSUs vest with one-third on May 5, 2027, then one-sixth on each six-month anniversary of that date. The RSUs become fully vested on May 5, 2029, assuming continuous service and subject to possible accelerated vesting.
Does Jerome Wong have any indirect holdings of CHRN stock?
Yes. In addition to his direct holdings, Jerome Wong indirectly holds 4,184 shares of CHRN common stock through a 401(k) plan. These are reported as indirect ownership on the Form 4 filing for ChronoScale Holdings Corp.
What prior CHRN awards are referenced in the Form 4 footnotes for Jerome Wong?
The filing notes 40,000 shares from performance-based RSUs granted on November 5, 2025 and 24,771 shares from previously granted RSUs. The latter amount reflects adjustment for a 1-for-15 reverse stock split effective June 2, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
