MILLS KEVIN J 4

What Happened

• Kevin J. Mills, CEO of Socket Mobile, was awarded 54,750 stock options (reported as a derivative award) on February 27, 2026. The options were granted as repayment of 2025 voluntary compensation deductions; no cash was paid by Mr. Mills at grant. The exercise price is $1.00 per share (total exercise cost if fully exercised: $54,750). The award does not represent an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (timely filed within the 2-business-day requirement).
• Award size and type: 54,750 options granted (transaction code A, derivative).
• Exercise price: $1.00 per share; aggregate exercise cost = $54,750 if all options are later exercised.
• Vesting: Options vest in equal monthly installments over a four-year period commencing February 27, 2026 (footnotes F1/F2).
• Shares owned after transaction: not disclosed in the provided filing.
• Reason given: Represents repayment of 2025 voluntary compensation deductions (per filing footnote).

Context

• This was a grant of stock options (compensation-related award), not an immediate purchase or sale of shares. Options vest over time and must be exercised (at $1.00 each) to convert to common stock, so this is a future potential ownership event rather than an immediate market transaction. Such grants are common for executive compensation and should be viewed as a contractual payoff of deferred pay rather than a direct bullish purchase signal.