ChronoScale (CHRN) director Wes Cummins granted 200,000 restricted shares in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummins Wes reported acquisition or exercise transactions in this Form 4 filing.
ChronoScale Corp director Wes Cummins received a grant of 200,000 restricted shares of common stock as equity compensation. The grant was made on May 14, 2026 and all shares are held directly, bringing his reported direct common stock holdings to 200,000 shares.
According to the vesting schedule, 100,000 restricted shares will vest on the one-year anniversary of the grant date and the remaining 100,000 will vest on the two-year anniversary, conditioned on his continuous service with the company and subject to possible adjustment or accelerated vesting upon certain conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cummins Wes
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 200,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted share grant: 200,000 shares
First vesting tranche: 100,000 shares
Second vesting tranche: 100,000 shares
+2 more
5 metrics
Restricted share grant
200,000 shares
Common stock award granted May 14, 2026
First vesting tranche
100,000 shares
Vest on one-year anniversary of May 14, 2026
Second vesting tranche
100,000 shares
Vest on two-year anniversary of May 14, 2026
Post‑transaction holdings
200,000 shares
Total ChronoScale common stock held directly after grant
Grant price per share
$0.00 per share
Indicates compensation grant, not cash purchase
Key Terms
restricted shares, Grant Date, vesting, accelerated vesting
4 terms
Grant Date financial
"granted on May 14, 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.
vesting financial
"which vest as follows: (i) 100,000 restricted shares will vest"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
accelerated vesting financial
"subject to adjustment or accelerated vesting upon certain conditions"
FAQ
What did Wes Cummins acquire in this ChronoScale (CHRN) Form 4 filing?
Wes Cummins received a grant of 200,000 restricted shares of ChronoScale common stock. These are equity compensation shares, not open‑market purchases, and are subject to a vesting schedule tied to his continued service with the company.
What are Wes Cummins’ reported ChronoScale (CHRN) holdings after this grant?
Following the reported transaction, Wes Cummins holds 200,000 shares of ChronoScale common stock directly. This total reflects the newly granted restricted shares, which will vest over time according to the disclosed vesting schedule and related service conditions.