Benson Ella G. 4

What Happened

Ella G. Benson, a director of ChronoScale Corporation (CHRN), received a grant of 200,000 restricted shares of common stock on May 14, 2026. The shares were issued at $0.00 per share (no purchase price), so the reported acquisition value is $0. These are restricted stock awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-14; Filing date (Form 4): 2026-05-18 (timely filing).
• Shares granted: 200,000 restricted shares; price reported: $0.00 per share; total reported consideration: $0.
• Shares owned after the transaction: not specified in the filing.
• Vesting (footnote): 100,000 shares vest on the 1-year anniversary of the grant date and 100,000 on the 2-year anniversary, subject to continuous service and possible adjustment or accelerated vesting under certain conditions.
• Transaction code: A = Award/Grant.

Context

Restricted stock grants to directors are common compensation and do not represent an immediate market purchase or sale. Because these shares vest over time, they do not provide immediate liquidity and should be viewed as compensation rather than a direct bullish or bearish trading signal.