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ChronoScale (CHRN) director receives 109,357-share equity grant in Form 4 filing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ChronoScale Corp director Davis Scott G. reported a new stock award. He received 109,357 shares of common stock at no cost as a grant or award, increasing his direct holdings to 188,134 shares. The filing also notes 373 shares held indirectly through a 401(k) account.

The shares were acquired upon vesting of performance-based restricted stock units originally granted on November 5, 2025 under ChronoScale’s Amended and Restated 2014 Equity Incentive Plan and amended on May 14, 2026, highlighting that this is a compensation-related equity vesting rather than an open-market purchase or sale.

Positive

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Insights

Director received a sizable equity vesting as routine compensation.

Davis Scott G., a director of ChronoScale Corp, acquired 109,357 shares of common stock via vesting of performance-based restricted stock units. The grant carried a reported price of $0.0000 per share, indicating a non-cash, compensation-related award rather than a market transaction.

The vesting stems from awards granted on November 5, 2025 under the Amended and Restated 2014 Equity Incentive Plan and amended on May 14, 2026. After this event, his direct holdings total 188,134 shares, with an additional 373 shares held indirectly via a 401(k) plan.

This pattern is typical of equity compensation structures that tie director pay to company performance. As there are no sales or option exercises reported and no derivative positions shown in this filing, the transaction mainly updates ownership records rather than signaling a change in the director’s market view of the stock.

Insider Davis Scott G.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 109,357 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 188,134 shares (Direct, null); Common Stock — 373 shares (Indirect, By 401(k))
Footnotes (1)
  1. [object Object]
Shares acquired via grant 109,357 shares Common Stock grant/award on May 14, 2026
Grant price per share $0.0000 per share Reported transaction price for awarded shares
Direct holdings after transaction 188,134 shares Total direct common stock ownership following grant
Indirect 401(k) holdings 373 shares Common stock held indirectly by 401(k) plan
Performance RSU vesting date May 14, 2026 Performance-based RSUs amended and vested
Original RSU grant date November 5, 2025 Performance-based RSUs originally granted
performance-based restricted stock units financial
"The shares of common stock ... were acquired upon vesting of performance-based restricted stock units granted..."
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.
Amended and Restated 2014 Equity Incentive Plan financial
"....granted to the Reporting Person on November 5, 2025 under the Issuer's Amended and Restated 2014 Equity Incentive Plan..."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
""direct_or_indirect": "I", "nature_of_ownership": "By 401(k)""
401(k) financial
"nature_of_ownership": "By 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Davis Scott G.

(Last)(First)(Middle)
3811 TURTLE CREEK BOULEVARD
SUITE 2100

(Street)
DALLAS TEXAS 75219

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ChronoScale Corp [ CHRN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/14/2026A109,357(1)A$0188,134D
Common Stock373IBy 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The shares of common stock of ChronoScale Corporation (the "Issuer") were acquired upon vesting of 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 14, 2026.
/s/ Jerome Wong as Attorney-in-Fact05/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did ChronoScale (CHRN) director Davis Scott G. report in this Form 4?

He reported acquiring 109,357 shares of ChronoScale common stock through a compensation grant. These shares came from performance-based restricted stock units that vested and were issued under the company’s Amended and Restated 2014 Equity Incentive Plan.

How many ChronoScale (CHRN) shares does Davis Scott G. own after this transaction?

After the transaction, he holds 188,134 ChronoScale common shares directly. The filing also shows 373 additional shares held indirectly via a 401(k) account, providing a snapshot of his total reported equity position at that time.

Was the ChronoScale (CHRN) Form 4 transaction a market purchase or sale?

No, the Form 4 shows a grant or award acquisition at a price of $0.0000 per share. The shares were issued upon vesting of performance-based restricted stock units, reflecting equity compensation rather than an open-market buy or sell.

What equity plan governed the ChronoScale (CHRN) shares granted to the director?

The vested shares came from performance-based restricted stock units granted under ChronoScale’s Amended and Restated 2014 Equity Incentive Plan. The award was originally granted on November 5, 2025 and was amended on May 14, 2026, according to the filing footnote.

What does the 401(k) entry mean in the ChronoScale (CHRN) Form 4 filing?

The Form 4 lists 373 ChronoScale common shares held indirectly "By 401(k)." This indicates a small portion of the director’s ownership is held through a retirement plan account, separate from his larger, directly held share position.