ChronoScale Corp (CHRN) director awarded 200,000 restricted shares vesting over two years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLANCY WILLIAM M reported acquisition or exercise transactions in this Form 4 filing.
ChronoScale Corp director William M. Clancy received a grant of 200,000 restricted shares of common stock as equity compensation. The shares were awarded at no cash purchase price and are held directly.
According to the vesting schedule, 100,000 restricted shares will vest on the one-year anniversary of the May 14, 2026 grant date, and another 100,000 will vest on the two-year anniversary. Vesting requires his continuous service with the company through each vesting date, with potential adjustments or accelerated vesting under certain conditions. After this grant, Clancy owns 200,000 shares of ChronoScale common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CLANCY WILLIAM M
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
First vesting tranche: 100,000 shares
Second vesting tranche: 100,000 shares
+2 more
5 metrics
Restricted stock grant
200,000 shares
Grant of ChronoScale common stock on May 14, 2026
First vesting tranche
100,000 shares
Vest on one-year anniversary of May 14, 2026 grant date
Second vesting tranche
100,000 shares
Vest on two-year anniversary of May 14, 2026 grant date
Transaction price per share
$0.0000 per share
Indicates equity compensation grant, not cash purchase
Shares owned after transaction
200,000 shares
Total ChronoScale common shares held directly following grant
Key Terms
restricted shares, Grant Date, continuous service, 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.
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 insider transaction did ChronoScale Corp (CHRN) report for William M. Clancy?
ChronoScale reported that director William M. Clancy received 200,000 restricted shares of common stock as an equity grant. These were awarded at no cash purchase price and are subject to a time-based vesting schedule over two years from the May 14, 2026 grant date.
What is the vesting schedule for William M. Clancy’s CHRN restricted stock grant?
The 200,000 restricted shares vest in two equal tranches. 100,000 restricted shares vest on the one-year anniversary of the May 14, 2026 grant date, and 100,000 vest on the two-year anniversary, contingent on his continuous service and subject to potential adjustment or accelerated vesting conditions.
Are there any conditions attached to William M. Clancy’s CHRN restricted stock grant?
Yes, vesting of the 200,000 restricted shares requires Clancy’s continuous service with ChronoScale through each vesting date. The footnote also notes that the award is subject to adjustment or accelerated vesting upon certain conditions, though those specific conditions are not detailed here.