Socket Mobile (SCKT) director receives 2,000-share stock award as compensation
Rhea-AI Filing Summary
PARNELL WILLIAM L. JR reported acquisition or exercise transactions in this Form 4 filing.
SOCKET MOBILE, INC. director William L. Parnell Jr. received a grant of 2,000 shares of common stock on August 6, 2026 under a Board-approved Director Compensation Program allowing directors to take stock instead of cash fees. The shares were valued at $1.00 per share for compensation purposes, compared with a $0.39 closing market price, bringing his direct holdings to 108,600 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares
Net Buy
1 txn
Insider
PARNELL WILLIAM L. JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,000 | $1.00 | $2K |
Holdings After Transaction:
Common Stock — 108,600 shares (Direct)
Footnotes (1)
- F1. Effective August 6, 2026, the Board of Directors approved a Director Compensation Program allowing Directors to receive common stock in lieu of cash compensation. The shares were granted at $1.00 per share, compared with the closing market price of $0.39 per share.
Key Figures
Shares granted: 2,000 shares
Compensation share value: $1.00 per share
Closing market price: $0.39 per share
+1 more
4 metrics
Shares granted
2,000 shares
Common stock grant to director on August 6, 2026
Compensation share value
$1.00 per share
Valuation used for Director Compensation Program grant
Closing market price
$0.39 per share
Closing market price on August 6, 2026 for comparison
Post-transaction holdings
108,600 shares
Director’s direct holdings after the stock grant
Key Terms
Director Compensation Program, in lieu of cash compensation, closing market price
3 terms
Director Compensation Program financial
"the Board of Directors approved a Director Compensation Program allowing Directors"
in lieu of cash compensation financial
"allowing Directors to receive common stock in lieu of cash compensation"
closing market price market
"compared with the closing market price of $0.39 per share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SOCKET MOBILE (SCKT) report for William L. Parnell Jr.?
SOCKET MOBILE reported that director William L. Parnell Jr. received a grant of 2,000 common shares on August 6, 2026 as part of director compensation rather than a market purchase or sale.
At what price was the SCKT director stock compensation valued?
The director compensation shares were valued at $1.00 per share, while the company noted the closing market price was $0.39 per share on the grant date under the Director Compensation Program.
What is the purpose of SOCKET MOBILE’s Director Compensation Program mentioned in the Form 4?
The Director Compensation Program, effective August 6, 2026, allows directors to receive common stock in lieu of cash compensation. In this case, shares were granted at $1.00 per share for compensation purposes.
Was the SCKT Form 4 transaction a market buy or sell by the director?
No, the Form 4 reports a grant or award acquisition of 2,000 shares as compensation, not a market purchase or sale, with shares received under the Director Compensation Program.