Charnock Sean Patrick 4

What Happened

• Sean Patrick Charnock, Chief Operating Officer of Csquare, Inc. (CSQR), was granted equity on July 15, 2026. The filing shows an issuance of 266,666 shares at $21.00 each (total value $5,599,986) and two sets of restricted stock units (RSUs) totaling 351,570 units (330,142 and 21,428) reported as derivative awards (no immediate cash value).
• These transactions are grants/awards (Form 4 code A), not open-market purchases or sales.

Key Details

• Transaction date: July 15, 2026; Form filed July 17, 2026 (filed timely).
• Shares issued: 266,666 common shares @ $21.00 — value reported $5,599,986.
• Derivative awards: 330,142 RSUs and 21,428 RSUs reported at $0.00 (each RSU = contingent right to one share).
• Vesting/footnotes:
  • F1: In connection with the IPO, shares of common stock were issued; of the reported amount, 200,000 shares remain subject to time‑based vesting (1/3 vests April 30, 2027 and on the next two anniversaries).
  • F2: Confirms each RSU equals the right to one share.
  • F3: 330,142 “IPO rollover” RSUs vest in equal annual installments over five years, starting March 30, 2027.
  • F4: 21,428 RSUs vest in equal annual installments over three years, starting July 15, 2027.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant. No indication of a 10b5-1 plan or tax-withholding sale in this filing.

Context

• These are company-issued awards tied to the IPO and the company’s Omnibus Incentive Plan — issuance and vesting schedules mean the shares/RSUs are time- and service-conditioned, not immediate open-market purchases.
• Awards are common for executives and do not by themselves indicate buying/selling sentiment in the market; they reflect compensation and retention arrangements.