ChronoScale (CHRN) director awarded 200,000 restricted shares vesting over two years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MILLER DOUGLAS S reported acquisition or exercise transactions in this Form 4 filing.
ChronoScale Corp director Douglas S. Miller received a grant of 200,000 restricted shares of common stock as equity compensation. The award was granted on May 14, 2026 at no purchase price. According to the terms, 100,000 restricted shares vest on the one-year anniversary of the grant date and 100,000 vest on the two-year anniversary.
Each vesting tranche requires Miller to remain in continuous service with ChronoScale through the applicable vesting date, and the award may be adjusted or vest earlier under certain specified conditions. After this grant, Miller holds 200,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MILLER DOUGLAS S
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)
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Key Figures
Restricted shares granted: 200,000 shares
Grant price per share: $0.00 per share
First vesting tranche: 100,000 shares
+2 more
5 metrics
Restricted shares granted
200,000 shares
Equity award to director on May 14, 2026
Grant price per share
$0.00 per share
Compensation grant, not market purchase
First vesting tranche
100,000 shares
Vests on one-year anniversary of Grant Date
Second vesting tranche
100,000 shares
Vests on two-year anniversary of Grant Date
Shares held after transaction
200,000 shares
Director’s direct holdings following grant
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
"restricted shares will vest on the one-year anniversary"
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 insider transaction did ChronoScale Corp (CHRN) report for Douglas S. Miller?
ChronoScale reported that director Douglas S. Miller received a grant of 200,000 restricted shares of common stock. The award was granted as equity compensation on May 14, 2026, with future vesting dates tied to his continued service with the company.
What are the vesting terms for Douglas S. Miller’s ChronoScale (CHRN) restricted stock grant?
The 200,000 restricted shares vest in two equal installments: 100,000 shares vest on the one-year anniversary of the May 14, 2026 grant date, and 100,000 shares vest on the two-year anniversary, subject to Miller’s continuous service with ChronoScale.
Is Douglas S. Miller’s ChronoScale (CHRN) Form 4 transaction a market trade?
No, the Form 4 reports a grant or award acquisition of 200,000 restricted shares, not a market trade. The shares were granted at $0.00 per share as equity compensation and vest over one and two years, subject to continued service conditions.