Socket Mobile (SCKT) 10% Owner Charlie Bass Receives Stock Award

What Happened
Charlie Bass, a 10% owner of Socket Mobile and a company director, received a grant of 1,600 shares of common stock on August 6, 2026 as part of a director compensation program. The shares were issued at $1.00 per share for a total value of $1,600. This was a compensation award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-06 (reported on Form 4 filed 2026-08-10). Filing was within the SEC two-business-day reporting window.
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,600 shares at $1.00 per share — total nominal value $1,600.
• Market context: The company notes the shares were granted at $1.00/share versus the closing market price of $0.39/share on the grant date (see footnote).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnote: The Board approved a Director Compensation Program allowing directors to receive common stock in lieu of cash; these shares were issued under that program.
• Filing timeliness: Report appears timely (filed within the SEC two-business-day deadline).

Context

• This transaction represents director compensation rather than a discretionary buy or sell by the insider; such awards are common and reflect how the company pays directors.
• As Charlie Bass is reported as a 10% owner, this filing reflects related-party holdings but does not necessarily indicate a change in investment sentiment.