Honaman David G. 4

What Happened
David G. Honaman, a director of Zoned Properties, Inc. (ZDPY), was issued 200,000 restricted shares as an award on January 28, 2026. The shares were granted at $0.00 per share (no cash paid), so the reported acquisition value is $0. The grant was fully vested at issuance but is subject to forfeiture and clawback provisions per the issuer.

Key Details

• Transaction date: 2026-01-28 — Award/Grant (transaction code A) of 200,000 shares at $0.00; total reported cash consideration $0.
• Filing date: Form 4 filed 2026-03-17 (filed 48 days after the transaction). Form 4s are typically required within two business days, so this filing appears late.
• Shares owned after the transaction: Not specified in the provided excerpt.
• Footnote: The grant is a restricted stock award under the 2016 Equity Incentive Plan; it was fully vested at issuance but remains subject to forfeiture and clawback (see footnote F1).

Context
This was an equity award (not an open-market purchase or sale). Restricted shares, even if vested, can be compensation and may be subject to company recovery policies; they do not necessarily indicate the insider purchased shares with personal cash. As always, investors should treat insider awards differently from outright purchases when interpreting insider activity.