BASS CHARLIE 4

What Happened
Charlie Bass, listed as a 10% owner of Socket Mobile (SCKT), was granted 16,000 derivative securities on February 27, 2026. The Form 4 reports the acquisition as 16,000 shares at $0.00 (derivative award). Footnotes clarify these are stock options with a $1.00 per-share exercise price issued to repay 2025 voluntary compensation deductions. The options vest in equal monthly installments over a four‑year period beginning February 27, 2026.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (timely — within the 2 business‑day window).
• Transaction type: A (award/grant) of derivative securities (stock options).
• Amount granted: 16,000 options; acquisition price shown as $0.00; exercise price = $1.00 per share (per footnote).
• Vesting: Monthly over 4 years commencing February 27, 2026 (footnotes F1 and F2).
• Purpose: Footnote F1 states these options repay 2025 voluntary compensation deductions.
• Shares owned after transaction: Not specified in the provided filing.

Context
This was a grant of stock options (an award), not an open‑market purchase or sale of underlying shares. The options will vest over time and require exercising at $1.00 per share to convert into common stock, so there is no immediate change in Bass’s shareholdings unless and until he exercises. As a 10% owner, Bass is a significant insider — grants to significant insiders are common for compensation or repayment arrangements and do not by themselves indicate buying or selling sentiment.