Cycurion: CEO and director Kelly Leo Kevin received 147,550 shares

What happened

• Kelly Leo Kevin, CEO and director, reported multiple acquisitions and gifts. The Form 4 shows acquisitions of 7,102 shares on Dec 09, 2025; 157 shares on Dec 26, 2025; 36,564 shares on Apr 26, 2026; 3,527 shares on May 01, 2026; and 100,200 shares on Jul 29, 2026, each reported as acquired at $0.00. The filing also reports gifts of 3,073 shares on Aug 19, 2026 and 8,742 shares on Sep 28, 2026, each reported as disposed at $0.00.
• Footnotes in the filing say some acquisitions were restricted stock awards (issuance price $23.52 per share and $2.40 per share) with vesting dates and reported closing market prices at vesting; one allocation was a special common stock dividend distributed pro rata with no consideration paid. The filing also notes that all share amounts have been adjusted for a 1-for-30 reverse split effective Oct 27, 2025 and a 1-for-8 reverse split effective Aug 28, 2026.

Key details

• Transaction dates and prices reported by the Form 4:
  • Dec 09, 2025: 7,102 shares acquired at $0.00.
  • Dec 26, 2025: 157 shares acquired at $0.00.
  • Apr 26, 2026: 36,564 shares acquired at $0.00.
  • May 01, 2026: 3,527 shares acquired at $0.00.
  • Jul 29, 2026: 100,200 shares acquired at $0.00.
  • Aug 19, 2026: 3,073 shares disposed by gift at $0.00.
  • Sep 28, 2026: 8,742 shares disposed by gift at $0.00.
• Shares owned after the transactions: the filing notes that reported amounts have been adjusted for the 1-for-30 reverse split on Oct 27, 2025 and the 1-for-8 reverse split on Aug 28, 2026; no single total beneficial ownership figure is provided in the excerpt.
• Relevant footnotes from the filing:
  • F1: All share amounts adjusted for the 1-for-30 reverse split (Oct 27, 2025) and the 1-for-8 reverse split (Aug 28, 2026).
  • F2: Certain shares acquired pursuant to a restricted stock award with issuance price $23.52 per share; shares vested on Jul 01, 2026 when the closing market price was $4.40 per share.
  • F3: Some shares were issued as a special common stock dividend and distributed pro rata; no consideration was paid.
  • F4: Certain shares acquired pursuant to a restricted stock award with issuance price $2.40 per share; shares vested on Jul 29, 2026 when the closing market price was $2.40 per share.
• Filing timeliness: Period of report is Dec 09, 2025; Form filed on Oct 02, 2026, indicating the filing was late.

Why it may matter

• Several reported acquisitions were restricted stock awards with specified issuance prices and vesting dates; those are award/vesting events rather than open-market purchases.
• The reported dispositions were gifts, which are not market sales.
• A filing does not show why the insider traded or why the company acted.