Cummins Wes 4

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).