McLaren Bryan 4

What Happened
Bryan McLaren — Chairman, CEO, CFO and Director of Zoned Properties, Inc. (ZDPY) — was granted 250,000 restricted shares on January 28, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) at a reported price of $0.00. The grant was fully vested at issuance, subject to forfeiture and clawback provisions.

Key Details

• Transaction date: 2026-01-28 (reported on Form 4 filed 2026-03-17).
• Transaction type: Award/Grant (code A).
• Shares granted: 250,000; reported price: $0.00 (total reported consideration $0).
• Vesting: Grant was fully vested at issuance (see footnote F1); subject to forfeiture/clawback.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F2 notes Mr. McLaren is trustee of the BAM Trust and has voting and investment control over securities held by that trust.
• Timeliness: Filing appears late (transaction on Jan 28, filed Mar 17); Form 4s are normally due within 2 business days of the transaction.

Context
A restricted stock grant is a form of compensation (not a market purchase) that increases reported insider ownership. Because this grant was fully vested at issuance, McLaren obtained immediate ownership rights (subject to the stated forfeiture/clawback terms). Awards are common executive compensation; they do not by themselves signal a buy or sell decision by the insider. Note the late filing—delays can reduce the usefulness of the disclosure for near-term trading decisions.