Richard Nottenburg awarded 200K ChronoScale (CHRN) restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nottenburg Richard N reported acquisition or exercise transactions in this Form 4 filing.
ChronoScale Corp reported that director Richard N. Nottenburg received a grant of 200,000 shares of restricted common stock on May 14, 2026. These shares were awarded at $0.00 per share as equity compensation, not as an open‑market purchase.
According to the vesting schedule, 100,000 restricted shares will vest on the first anniversary of the grant date and another 100,000 restricted shares will vest on the second anniversary. Vesting is conditioned on his continuous service with ChronoScale and may be adjusted or accelerated under certain conditions. After this grant, he directly holds 200,000 ChronoScale shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nottenburg Richard N
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)
- [object Object]
Key Figures
Restricted stock grant: 200,000 shares
Grant price: $0.00 per share
First vesting tranche: 100,000 shares
+2 more
5 metrics
Restricted stock grant
200,000 shares
Common stock awarded on May 14, 2026
Grant price
$0.00 per share
Equity compensation, not open-market purchase
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
Shares held after grant
200,000 shares
Total direct holdings following transaction
Key Terms
restricted shares, Grant Date, vest, continuous service, +1 more
5 terms
Grant Date financial
"granted on May 14, 2026 (the "Grant Date") which vest"
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.
vest financial
"which vest as follows: (i) 100,000 restricted shares will vest"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"subject to the Reporting Person's continuous service with the Issuer"
accelerated vesting financial
"subject to adjustment or accelerated vesting upon certain conditions"
FAQ
What did ChronoScale (CHRN) disclose in this Form 4 filing?
ChronoScale disclosed that director Richard N. Nottenburg received a grant of 200,000 restricted shares of common stock on May 14, 2026. The award is equity compensation with no cash paid per share and includes a two-year time-based vesting schedule.