Nottenburg Richard N 4

What Happened

• Richard N. Nottenburg, a director of ChronoScale Corporation (CHRN), was granted 200,000 restricted shares on May 14, 2026. The grant is reported at $0.00 per share (total reported value $0), reflecting a compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-14; SEC filing date: 2026-05-18 (filed within the two-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 200,000 restricted common shares at $0.00.
• Vesting: 100,000 shares vest on the one-year anniversary of the grant; 100,000 shares vest on the two-year anniversary, subject to continuous service and possible adjustment or accelerated vesting (see footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding sale, or immediate sale reported in this filing.

Context

• This was a compensation grant to a director, not an open-market purchase or sale. Grants of restricted stock are common director compensation and do not by themselves indicate a buy/sell signal from the insider.
• Vesting schedule ties value realization to continued service (and possibly to other conditions), so the economic interest is phased rather than immediate.