ChronoScale Holdings (CHRN) awards CEO 2,800,000 RSUs vesting by 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chen Ying Cenly reported acquisition or exercise transactions in this Form 4 filing.
ChronoScale Holdings Corp granted Chief Executive Officer Chen Ying Cenly 2,800,000 restricted stock units (RSUs) tied to its common stock on July 13, 2026. The RSUs have no expiration date and vest one-third on May 1, 2027, then in equal six-month installments until fully vested on May 1, 2029, subject to continuous service and possible accelerated vesting under certain conditions. Following the award, Cenly’s reported direct beneficial ownership is 2,800,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chen Ying Cenly
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,800,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,800,000 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 2,800,000 shares
Transaction price per share: $0.0000
Grant Date: July 13, 2026
+3 more
6 metrics
RSU grant size
2,800,000 shares
Restricted stock units granted to the CEO on July 13, 2026
Transaction price per share
$0.0000
Reported price for the RSU-related common stock entry
Grant Date
July 13, 2026
Date the restricted stock units were granted
Initial vesting date (Cliff Date)
May 1, 2027
One-third of the RSUs vest on this Cliff Date
Full vesting date
May 1, 2029
RSUs will be fully vested by this date, subject to service
Shares owned after transaction
2,800,000 shares
Direct beneficial ownership reported for the CEO after the award
Key Terms
Restricted stock units, Cliff Date, continuous service, accelerated vesting
4 terms
Restricted stock units financial
"Restricted stock units ("RSUs") granted on July 13, 2026 represent a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Cliff Date financial
"one-third of the RSUs will vest on May 1, 2027 (the "Cliff Date"), with one-sixth"
continuous service financial
"subject to the Reporting Person's continuous service with the Issuer through each vesting date"
accelerated vesting financial
"and subject to accelerated vesting upon certain conditions"
FAQ
What did ChronoScale Holdings (CHRN) grant to CEO Chen Ying Cenly?
ChronoScale granted CEO Chen Ying Cenly 2,800,000 restricted stock units (RSUs) tied to its common stock on July 13, 2026. These RSUs represent a contingent right to receive an equal number of shares, subject to vesting conditions and continued service.
How many ChronoScale (CHRN) RSUs were granted and at what price?
Chen Ying Cenly received 2,800,000 RSUs with a reported transaction price of $0.0000 per share. This reflects a compensation grant or award rather than an open-market purchase, providing equity-based incentives without cash paid by the executive at grant.
When do Chen Ying Cenly’s CHRN RSUs vest?
The RSUs vest over time: one-third on May 1, 2027, then one-sixth of the remaining RSUs every six months after that date. The units become fully vested on May 1, 2029, subject to continued service and certain acceleration conditions.
Do the CHRN RSUs granted to Chen Ying Cenly have an expiration date?
The RSUs have no expiration date. They remain outstanding until they either vest and convert into ChronoScale common shares, or are forfeited if vesting conditions such as continuous service are not satisfied, subject to any accelerated vesting triggers described.
What conditions apply to vesting of Chen Ying Cenly’s CHRN RSUs?
Vesting of the 2,800,000 RSUs is subject to continuous service with ChronoScale through each vesting date. The RSUs may also become subject to accelerated vesting upon certain conditions, as described in the award terms, though those conditions are not detailed here.