CLANCY WILLIAM M 4
4 · ChronoScale Corp · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
ChronoScale (CHRN) Director William Clancy Receives 200,000-Share Award
What Happened William M. Clancy, a director of ChronoScale Corporation (CHRN), was granted 200,000 restricted shares of common stock on May 14, 2026. The Form 4 reports the award as an acquisition (code A) with a reported acquisition price of $0.00 (restricted stock grant), so there was no cash purchase.
Key Details
- Transaction date: 2026-05-14 (reported on Form 4 filed 2026-05-18)
- Type: Award/Grant of restricted common stock (SEC transaction code A)
- Shares granted: 200,000; reported acquisition price: $0.00
- Vesting: 100,000 shares vest on the one-year anniversary of the grant date; 100,000 shares vest on the two-year anniversary, subject to continuous service and potential adjustment/acceleration (footnote F1)
- Shares owned after the transaction: not provided in the excerpt of the filing
- Timeliness: Filing appears timely (transaction 5/14, Form 4 filed 5/18)
Context This was a restricted stock grant to a director (not an open-market purchase or sale). Restricted grants are common compensation for executives and directors; they do not represent an immediate cash outlay and generally vest over time, aligning the recipient with the company’s longer-term performance. The $0.00 acquisition price reflects the nature of the award, not the market value of the shares.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-14+200,000→ 200,000 total
Footnotes (1)
- [F1]Represents restricted shares of common stock of ChronoScale Corporation (the "Issuer") granted on May 14, 2026 (the "Grant Date") which vest as follows: (i) 100,000 restricted shares will vest on the one-year anniversary of the Grant Date; and (ii) 100,000 restricted shares will vest on the two-year anniversary of the Grant Date, subject to the Reporting Person's continuous service with the Issuer through the applicable vesting date and subject to adjustment or accelerated vesting upon certain conditions.