Socket Mobile CEO David Holmes Receives 29,333-Share Award

What Happened
David A. Holmes, CEO of Socket Mobile, was granted 29,333 shares on 2026-08-21 as an award/acquisition (Form 4 code A). The grant is recorded at $1.00 per share for a total value of $29,333. This award was issued in lieu of voluntary compensation reductions for Q3 and Q4 and will vest 50% on Jan 1, 2027 and 50% on Jan 1, 2028, subject to continued service.

Key Details

• Transaction date: 2026-08-21; Filing date: 2026-08-25 (appears to be filed after the typical 2-business-day Form 4 window).
• Price and value: 29,333 shares at $1.00 per share = $29,333 total.
• Shares owned after transaction: Not reported in the filing.
• Footnote: The Board authorized issuing shares in lieu of pay reductions at a conversion of one share per $1.00 of reduced compensation rather than using the closing market price of $0.67/share, resulting in more shares granted. Vesting: 50% on 2027-01-01 and 50% on 2028-01-01, subject to continued service.
• Transaction type: Award/grant (A), not an open-market purchase.

Context
This grant is a compensation award tied to executives accepting reduced pay; such awards are different from open-market purchases and reflect compensation terms rather than a direct buy signal. The conversion method (one share per $1 rather than using the market close price) increased the share count granted versus a market-price conversion and may have dilution implications for shareholders.