OTT LEONARD L 4

What Happened Leonard L. Ott, Chief Information Officer of Socket Mobile, received a grant reported as 21,900 derivative shares on February 27, 2026. The Form 4 reports the award at $0.00 per share but the footnotes state these represent stock options issued to repay 2025 voluntary compensation deductions, with an exercise price of $1.00 per share. The options vest in equal monthly installments over a four-year period beginning February 27, 2026. This was an award/grant — not an open-market purchase or sale.

Key Details

• Transaction date: February 27, 2026. Form 4 filed March 3, 2026.
• Reported on Form 4 as: Award/Grant (code A), 21,900 derivative shares @ $0.00.
• Exercise price: $1.00 per share (footnote). If all options were exercised, the aggregate exercise cost would be 21,900 × $1.00 = $21,900.
• Vesting: Monthly over 4 years starting February 27, 2026 (equal monthly installments).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnotes: F1 — grant repays 2025 voluntary compensation deductions and specifies $1.00 exercise price and vesting schedule; F2 — confirms monthly vesting over four years.
• Filing timeliness: Filing date is included; no late-filing flag was provided in the excerpt.

Context This is an equity-compensation grant (stock options) used to repay prior voluntary compensation deductions — a common form of executive compensation. Because these are options that vest over time and carry a $1.00 exercise price, they are not an immediate market purchase or sale and do not alone indicate the insider’s view on near-term stock direction. Future disclosures would show any exercises or open-market sales.