Csquare (CSQR) CEO awarded 3.57M shares with multi-year vesting

Rhea-AI Filing Summary

MULLEE SPENCER EDWARD reported acquisition or exercise transactions in this Form 4 filing.

Csquare, Inc. reported that Chief Executive Officer and director Spencer Edward Mullee received a grant of 3,571,427 shares of Common Stock on 2026-07-15 at $21.00 per share. According to the footnote, this issuance occurred as a result of the initial public offering of Csquare, Inc. Of the total, 2,857,142 shares remain subject to time-based vesting conditions, with one-third vesting on each of April 30, 2027 and the next two anniversaries. Following this grant, Mullee directly holds 3,571,427 shares of Common Stock. The transaction is not marked as pursuant to a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 3,571,427 shares

Net Buy 1 txn

Insider MULLEE SPENCER EDWARD

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	3,571,427	$21.00	$75.00M

Holdings After Transaction: Common Stock — 3,571,427 shares (Direct)

Footnotes (1)

1. F1. As a result of the initial public offering ("IPO") of Csquare, Inc. (the "Issuer"), reflects the issuance of shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock"). Of the amount reported, 2,857,142 shares remain subject to time-based vesting conditions, with 1/3 vesting on each of April 30, 2027 and the next two anniversaries thereafter.

Key Figures

Shares acquired: 3,571,427 shares Price per share: $21.00 Post-transaction holdings: 3,571,427 shares +3 more

6 metrics

Shares acquired 3,571,427 shares Grant of Common Stock on 2026-07-15 to the CEO

Price per share $21.00 Valuation used for the Common Stock grant

Post-transaction holdings 3,571,427 shares Direct Common Stock held by Spencer Edward Mullee after the grant

Time-vested shares 2,857,142 shares Portion of the grant subject to time-based vesting conditions

Initial vesting date April 30, 2027 First vesting date for time-based portion of the grant

Vesting tranches 1/3 each year Vesting on April 30, 2027 and the next two anniversaries thereafter

Key Terms

initial public offering ("IPO"), time-based vesting conditions, par value, Common Stock

4 terms

initial public offering ("IPO") financial

"As a result of the initial public offering ("IPO") of Csquare, Inc."

A company’s first sale of stock to the public through a stock exchange, marking its move from private ownership to public ownership. For investors it creates a new opportunity to buy a stake early, sets a market price for the business, and often brings higher attention and volatility—think of a local bakery that used to be family-run finally selling shares so the whole neighborhood can own a piece; that change affects value, control and risk.

time-based vesting conditions financial

"2,857,142 shares remain subject to time-based vesting conditions, with 1/3 vesting"

par value financial

"common stock, par value $0.01 per share (the "Common Stock")"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

Common Stock financial

"issuance of shares of the Issuer's common stock, par value $0.01 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 04:08 PM Accepted by SEC EDGAR 07/17/2026 - 04:08 PM Learn about SEC filing dates

FAQ

What insider transaction did Csquare (CSQR) CEO Spencer Edward Mullee report?

Spencer Edward Mullee reported a grant of 3,571,427 shares of Csquare Common Stock on 2026-07-15 at $21.00 per share. The shares were issued as a result of Csquare’s IPO and increased his direct holdings to 3,571,427 shares.

How many CSQR shares does the Csquare CEO hold after this Form 4 transaction?

After the reported transaction, Spencer Edward Mullee directly holds 3,571,427 shares of Csquare Common Stock. This entire amount reflects the IPO-related issuance reported, though a substantial portion remains subject to time-based vesting requirements over three years.

How many of the granted CSQR shares are subject to vesting, and what is the schedule?

2,857,142 of the 3,571,427 granted shares are subject to time-based vesting conditions. One-third of these vest on April 30, 2027, with the remaining two-thirds vesting in equal installments on each of the next two anniversaries.

Was the Csquare (CSQR) CEO share grant connected to the company’s IPO?

Yes. The filing states that the reported shares were issued “as a result of the initial public offering (IPO) of Csquare, Inc.”. The transaction reflects the IPO-related issuance of Common Stock to Spencer Edward Mullee as described in the footnote.

Is the reported CSQR CEO share grant under a Rule 10b5-1 trading plan?

The transaction is not indicated as being pursuant to a Rule 10b5-1 trading plan, as the related checkbox is not marked. The filing instead describes a grant/award acquisition tied to the IPO, with a specified time-based vesting schedule.

What type of security did the Csquare (CSQR) CEO receive in this Form 4 filing?

Spencer Edward Mullee received Common Stock of Csquare, Inc., par value $0.01 per share. The grant totals 3,571,427 shares, valued at $21.00 per share, and a majority portion is subject to multi-year time-based vesting conditions.

SEC Form 4

FORM 4

UNITED 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^*

MULLEE SPENCER EDWARD

(Last) (First) (Middle)

C/O CSQUARE, INC.

3100 OLYMPUS BLVD., SUITE 510

(Street)

COPPELL TEXAS 75019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Csquare, Inc. [ CSQR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/15/2026		A		3,571,427(1)	A	$21	3,571,427	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. As a result of the initial public offering ("IPO") of Csquare, Inc. (the "Issuer"), reflects the issuance of shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock"). Of the amount reported, 2,857,142 shares remain subject to time-based vesting conditions, with 1/3 vesting on each of April 30, 2027 and the next two anniversaries thereafter.

	/s/ Catherine Smith, as Attorney-in-Fact	07/17/2026
	** Signature of Reporting Person	Date
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)