ChronoScale CEO Chen Ying Cenly Receives 2.8M RSU Award

What Happened
Chen Ying Cenly, CEO of ChronoScale Holdings Corp (CHRN), was awarded 2,800,000 restricted stock units (RSUs) on July 13, 2026. The Form 4 reports these as an award (transaction code A) with an acquisition price of $0 and a reported transaction value of $0. This is a grant of contingent equity (not an open-market purchase or sale).

Key Details

• Transaction date: July 13, 2026 (filed July 15, 2026).
• Transaction type/code: Grant/Award (A).
• Shares granted: 2,800,000 RSUs; reported acquisition price $0; total reported value $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: RSUs represent a contingent right to receive common stock on a one-for-one basis, have no expiration, and vest per the schedule below.
• Filing timeliness: filed two days after the transaction date (appears timely based on the Form 4 dates).

Context
The RSUs vest one-third on May 1, 2027 (cliff), then one-sixth of the remaining RSUs every six months thereafter, so the award is scheduled to be fully vested on May 1, 2029, subject to Chen’s continuous service and potential accelerated vesting under certain conditions. RSU grants are a common form of executive compensation and represent future equity potential rather than an immediate cash or stock purchase.