BASS CHARLIE 4

What Happened
Charlie Bass, identified as a 10% owner of Socket Mobile (SCKT), reported acquiring 444,444 shares on March 27, 2026. The Form 4 lists the transaction as a purchase/acquisition (code P) of 444,444 shares at a reported price of $400,000.00 per share and an aggregate derivative amount of $177,777,600,000. The filing describes the shares in connection with a subordinated convertible note (a derivative security) rather than a routine open‑market trade.

Key Details

• Transaction date: March 27, 2026; Form 4 filed March 30, 2026 (filing appears timely).
• Reported price: $400,000.00 per share; reported aggregate derivative amount: $177,777,600,000.
• Shares acquired: 444,444 shares (transaction code P = purchase/acquisition).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The subordinated convertible note is convertible any time on or prior to March 27, 2029; on or after March 27, 2027 the noteholder may elect to receive prepayment of principal and accrued interest in cash.
• Insider status: Charlie Bass is a 10% owner (large shareholder), not reported here as an executive officer.

Context
This transaction involves a derivative conversion/purchase tied to a subordinated convertible note rather than a simple open‑market buy; such conversions reflect financing or capital‑structure actions (conversion of debt to equity) rather than routine trading. The unusually large per‑share and aggregate amounts reported in the filing merit a close read of the full SEC filing for mechanics and calculation details. As always, purchases by insiders can be informative, but investors should review the underlying filing and company disclosures for full context.