Csquare director (CSQR) acquires 10,000 shares in IPO-directed program

Rhea-AI Filing Summary

Csquare, Inc. director Philip M. Kelley acquired 10,000 shares of common stock on July 16, 2026 at $21.00 per share. The shares were purchased through a directed share program in connection with the company’s initial public offering, bringing his direct holdings to 10,000 shares.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 1 txn

Insider Kelley Philip M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	10,000	$21.00	$210K

Holdings After Transaction: Common Stock — 10,000 shares (Direct)

Footnotes (1)

1. F1. Represents shares of common stock purchased pursuant to a directed share program in connection with the Issuer's initial public offering.

Key Figures

Shares acquired: 10,000 shares Price per share: $21.00 Total shares after transaction: 10,000 shares +1 more

4 metrics

Shares acquired 10,000 shares Common stock transaction on July 16, 2026

Price per share $21.00 Acquisition price in directed share program

Total shares after transaction 10,000 shares Direct holdings of Philip M. Kelley following the acquisition

Transaction date July 16, 2026 Date of common stock acquisition

Key Terms

Form 4, directed share program, initial public offering

3 terms

Form 4 regulatory

"insider transaction did Csquare (CSQR) report for Philip M. Kelley on this Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

directed share program financial

"shares were purchased through a directed share program in connection with the company’s initial public offering"

initial public offering financial

"directed share program in connection with the company’s initial public offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

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 07/20/2026 - 05:00 PM Accepted by SEC EDGAR 07/20/2026 - 05:00 PM Learn about SEC filing dates

FAQ

What insider transaction did Csquare (CSQR) report for Philip M. Kelley?

Csquare reported that director Philip M. Kelley acquired 10,000 shares of common stock at $21.00 per share on July 16, 2026. The acquisition occurred through a directed share program linked to Csquare’s initial public offering.

How many Csquare (CSQR) shares does Philip M. Kelley own after this Form 4?

After the reported transaction, Philip M. Kelley directly holds 10,000 Csquare common shares. All 10,000 shares were acquired in this single transaction under a directed share program associated with Csquare’s initial public offering.

At what price did Philip M. Kelley acquire Csquare (CSQR) shares?

Philip M. Kelley acquired his Csquare shares at $21.00 per share. The Form 4 shows a single transaction of 10,000 common shares on July 16, 2026, executed via a directed share program connected to the company’s IPO.

Was the Csquare (CSQR) insider acquisition part of the IPO process?

Yes. The footnote explains the 10,000 Csquare shares were purchased under a directed share program in connection with Csquare’s initial public offering, indicating the allocation was tied to the IPO rather than open-market buying.

Is Philip M. Kelley a director or officer of Csquare (CSQR)?

Philip M. Kelley is reported as a director of Csquare, Inc. on this Form 4. He is not listed as an officer and does not file as a ten percent owner, but he now directly holds 10,000 common shares.

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^*

Kelley Philip M

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026

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	07/16/2026		A		10,000(1)	A	$21	10,000	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. Represents shares of common stock purchased pursuant to a directed share program in connection with the Issuer's initial public offering.

	/s/ Catherine Smith, as attorney-in-fact for Philip Kelley	07/20/2026
	** 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)