Haugli Brian Wayne 4

What Happened
Brian Wayne Haugli, Chief Executive Officer of SideChannel, reported two RSU-related transactions. On March 2, 2026, RSUs vested and the filing reports a tax-withholding disposition (code F) tied to that vesting. On March 16, 2026, Haugli was granted 53,361 RSUs (code A) valued at about $107,256 based on the $2.01 closing price.

Key Details

• March 2, 2026 — Vesting event with tax withholding: the Form 4 lists a disposition of 38,084 shares at $2.20 (reported value $83,785) to satisfy tax liabilities related to the vesting. Footnote F2 clarifies that 38,084 RSUs vested, 13,372 shares were withheld for taxes and 24,712 shares were issued to Haugli.
• March 16, 2026 — Grant: 53,361 RSUs reported as acquired at $2.01 per share (total value reported $107,256). Footnote F5 states these RSUs vest one-third on the first business day of each subsequent March over the following three years.
• Ownership notes: Footnote F1 references total beneficial ownership following a 1-for-52 reverse stock split effective Jan 22, 2026; footnote F4 denotes total beneficial ownership following the reported transactions. Consult the full Form 4 for the exact post-transaction share totals.
• Filing timing: Form filed March 18, 2026 covering transactions on March 2 and March 16 — later than the typical two-business-day Form 4 deadline (the filing appears untimely).

Context

• The March 2 entry is a tax-withholding event tied to RSU vesting (code F), not an open-market sale — withheld shares are commonly used to pay withholding taxes.
• The March 16 entry is a compensation award (RSUs, code A) with multi-year vesting; such awards are routine executive compensation and represent acquisition of potential future shares rather than an open-market buy.
• These filings are factual disclosures of insider holdings and transactions; they don’t by themselves explain the insider’s motives.