Socket Mobile insider buys convertible note

SOCKET MOBILE, INC. director and more than 10% owner Charlie Bass reported an open-market or private purchase of a Subordinated Convertible Note on March 27, 2026.

Rhea-AI Filing Summary

SOCKET MOBILE, INC. director and more than 10% owner Charlie Bass reported an open-market or private purchase of a Subordinated Convertible Note on March 27, 2026. The note is currently convertible into 444,444 shares of common stock at a conversion price of $0.90 per share.

Following this transaction, Bass’s reported beneficial holdings tied to this instrument and related securities total 3,267,826 shares. The note can be converted at any time on or prior to March 27, 2029, and on or after March 27, 2027, the holder may instead choose prepayment of principal and accrued interest in cash.

Insights

Equity capital markets analyst

Insider increases exposure via convertible note with multi-year flexibility.

Director and significant holder Charlie Bass bought a Subordinated Convertible Note that is convertible into 444,444 common shares at $0.90 per share. This is structured as an open-market or private purchase of a derivative rather than common stock.

The transaction lifts his reported beneficial stake to 3,267,826 shares, indicating a larger personal exposure to SOCKET MOBILE, INC.. The note is convertible any time through March 27, 2029, while from March 27, 2027 the holder can instead opt for cash prepayment of principal and accrued interest, giving flexibility between equity and cash outcomes.

This is a single insider transaction rather than a broad corporate financing. Its significance for investors depends on how they interpret a major holder adding a sizable, long-dated convertible position with both conversion and cash-settlement options.

Insider Trade Summary

Net Buyer: 444,444 shares

Net Buy 1 txn

Insider BASS CHARLIE

Role Director, 10% Owner

Bought 444,444 shs ($177.78B)

Type	Security	Shares	Price	Value
Purchase	Subordinated Convertible Note	444,444	$400,000.00	$177.78B

Holdings After Transaction: Subordinated Convertible Note — 3,267,826 contracts (Direct)

Footnotes (1)

1. F1. The Subordinated Convertible note is convertible any time on or prior to March 27, 2029. In addition, on or after March 27, 2027, the noteholder has the option to receive the prepayment of principal and accrued interest in cash.

Key Figures

Underlying shares from note: 444,444 shares Conversion price: $0.90 per share Post-transaction holdings: 3,267,826 shares +2 more

5 metrics

Underlying shares from note 444,444 shares Shares of common stock underlying Subordinated Convertible Note

Conversion price $0.90 per share Conversion price of Subordinated Convertible Note into common stock

Post-transaction holdings 3,267,826 shares Total beneficial holdings reported after transaction

Note conversion period end March 27, 2029 Last date note is convertible into common stock

Cash prepayment option start March 27, 2027 Earliest date holder may elect cash prepayment of principal and interest

Key Terms

Subordinated Convertible Note, conversion price, open-market purchase, prepayment of principal, +1 more

5 terms

Subordinated Convertible Note financial

"The Subordinated Convertible note is convertible any time on or prior to March 27, 2029."

A subordinated convertible note is a loan a company takes that pays interest and can later be turned into shares; it ranks below other debts for repayment, so it gets paid only after higher-priority creditors if the company fails. Investors care because it mixes the safety of lending with the upside of equity: holders face higher risk than senior lenders but may gain ownership instead of cash, which can dilute existing shareholders and change a company's claim structure like standing in a repayment line.

conversion price financial

"conversion_or_exercise_price": "0.9000""

The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

prepayment of principal financial

"the noteholder has the option to receive the prepayment of principal and accrued interest in cash"

accrued interest financial

"prepayment of principal and accrued interest in cash"

Accrued interest is the amount of interest that has built up on a loan, bond, or similar investment since the last payment date but has not yet been paid. For investors this matters because when you buy or sell a fixed‑income security between payment dates you compensate the other party for that earned interest—think of it like buying a house mid‑month and reimbursing the seller for days of heating already used—so it affects the actual cash you pay, the yield you receive, and short‑term returns.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SCKT report for Charlie Bass?

SOCKET MOBILE, INC. reported that director and over 10% owner Charlie Bass purchased a Subordinated Convertible Note. This derivative is currently convertible into 444,444 shares of common stock, expanding his reported beneficial exposure to the company.

How many Socket Mobile (SCKT) shares are tied to the new convertible note?

The purchased Subordinated Convertible Note is currently convertible into 444,444 shares of common stock. This conversion amount is based on the disclosed $0.90 per share conversion price specified for the underlying common stock in the filing.

What is the conversion price of Charlie Bass’s new SCKT convertible note?

The Subordinated Convertible Note acquired by Charlie Bass carries a conversion price of $0.90 per share for the underlying common stock. At this price, the note is currently convertible into 444,444 shares, according to the reported Form 4 data.

When can the new Socket Mobile (SCKT) subordinated convertible note be converted?

The filing states the Subordinated Convertible Note is convertible at any time on or prior to March 27, 2029. This gives the holder a multi-year window to choose if and when to convert into common shares, based on conditions.

Can Charlie Bass choose cash instead of shares for the new SCKT note?

Yes. On or after March 27, 2027, the noteholder has the option to receive prepayment of principal and accrued interest in cash. This provides an alternative to converting the Subordinated Convertible Note into common shares.

What are Charlie Bass’s reported holdings in Socket Mobile (SCKT) after this transaction?

After acquiring the Subordinated Convertible Note, Charlie Bass’s reported beneficial holdings associated with this position and related securities total 3,267,826 shares. This figure comes from the post-transaction share balance disclosed in the Form 4 filing.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/30/2026 - 02:03 PM Learn about SEC filing dates

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^*

BASS CHARLIE

(Last) (First) (Middle)

40675 ENCYCLOPEDIA CIR.

(Street)

FREMONT CALIFORNIA 94538

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SOCKET MOBILE, INC. [ SCKT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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

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
Subordinated Convertible Note	$0.9	03/27/2026		P		444,444		(1)	(1)	Common	444,444	$400,000	3,267,826	D

Explanation of Responses:

1. The Subordinated Convertible note is convertible any time on or prior to March 27, 2029. In addition, on or after March 27, 2027, the noteholder has the option to receive the prepayment of principal and accrued interest in cash.

	/s/ Charlie Bass	03/30/2026
	** 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)