CLANCY WILLIAM M 4

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.