Hnatiw Nicholas William 4

What Happened

• Nicholas William Hnatiw, a director of SideChannel, had 10,149 RSUs vest on March 2, 2026; 3,512 of those shares were withheld to cover taxes, and 6,637 shares were issued to him. The vesting event is recorded at a $2.20 closing price (value shown $22,328 for the full 10,149 vested shares).
• On March 16, 2026, Hnatiw was granted 10,684 RSUs (an award/acquisition) recorded at a $2.01 closing price, with a reported value of $21,475. This is an award (code A), while the March 2 tax withholding is recorded as a disposition (code F).

Key Details

• Transaction dates and prices:
  • 2026-03-02: 10,149 RSUs vested; recorded at $2.20 (total shown $22,328). Net issuance to insider: 6,637 shares after 3,512 shares withheld for taxes (footnote F2).
  • 2026-03-16: 10,684 RSU award granted at $2.01 (total shown $21,475) (footnote F3).
• Shares owned after transactions: Footnotes (F1, F4) state the reporting person’s total beneficial ownership after the January 22, 2026 reverse split and after these transactions (specific totals not provided here).
• Notable footnotes:
  • F2: Details the vesting and tax withholding for the March 2 event.
  • F5: The 10,684 RSU award vests one‑third on each of the next three March business days (multi‑year vesting schedule).
• Filing info: Form filed March 18, 2026 reporting transactions on March 2 and March 16. No late‑filing flag is provided in the supplied data.

Context

• This filing shows a routine RSU vesting event (with shares withheld to pay taxes) and a new RSU grant to the director. Withholding to cover taxes is common and is recorded as a disposition (F); the new grant is an acquisition/award (A) and will vest over time per the schedule in F5.
• These actions are equity compensation mechanics rather than open‑market purchases or sales; they do not, by themselves, signal a personal cash purchase or sale of shares on the open market.