Cummins Wes 4
4 · ChronoScale Corp · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
ChronoScale (CHRN) Director Wes Cummins Receives 200,000-Share Award
What Happened
Wes Cummins, a director of ChronoScale Corporation (CHRN), received a grant of 200,000 restricted shares on May 14, 2026 (reported on Form 4 filed May 18, 2026). The award is reported at an acquisition price of $0 in the filing because these are restricted stock awards rather than an open‑market purchase or cash transaction.
Key Details
- Transaction date: May 14, 2026 (Period of Report: 2026-05-14); Form 4 filed on May 18, 2026 (timely within the two-business-day window).
- Transaction type/code: A — Grant/Award of restricted shares.
- Shares granted: 200,000 restricted shares; reported acquisition price $0.
- Vesting (footnote F1): 100,000 shares vest on the one‑year anniversary of the grant date; the remaining 100,000 vest on the two‑year anniversary, subject to Cummins’ continuous service and potential adjustment or accelerated vesting under certain conditions.
- Shares owned after transaction: Not specified in the available filing.
- Filing accession: 0001493152-26-024267.
Context
Restricted stock awards are typically compensation/retention tools and do not reflect an open‑market purchase or sale. These shares are subject to vesting and therefore are not immediately liquid — their realized value will depend on ChronoScale’s stock price at vesting (and any tax withholdings or plan terms at that time).
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.