Schaap Andrew Cordell 4

What Happened Andrew Cordell Schaap, a director of ChronoScale Corporation (CHRN), was granted 200,000 restricted shares on June 29, 2026. The award is reported at $0.00 per share (acquisition price $0.00 on the Form 4). This is a compensation award (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: June 29, 2026 — 200,000 shares at $0.00 per share (reported acquisition).
• Vesting: Per the filing footnote, 100,000 shares vest on the one‑year anniversary of the grant date and 100,000 on the two‑year anniversary, subject to Schaap’s continuous service and possible adjustment or accelerated vesting under certain conditions.
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing timeliness: Form filed June 30, 2026 — appears to be timely (within the typical 2-business‑day Form 4 window).
• Transaction code: A = Award/Grant.

Context Restricted stock grants to directors are a common form of compensation and typically vest over time; they do not represent an immediate purchase or sale and therefore are not a direct market sentiment signal. Purchases or open-market sales tend to be more informative about an insider’s near-term market view. This award primarily reflects compensation and retention terms rather than an instant change in beneficial ownership available for trading.