AtlasClear (ATCH) CFO Sandip Patel Receives 776,030-Share Award

What Happened

• Sandip I. Patel, AtlasClear Holdings' CFO, General Counsel and director, received two equity awards on July 14, 2026: 45,000 shares and 731,030 shares, each reported as derivative securities with a reported price of $0.00 (total 776,030 shares). These were grants/awards (Form 4 code A), meaning no cash was paid in connection with the acquisition.

Key Details

• Transaction date: July 14, 2026.
• Award details: 45,000 shares @ $0.00 and 731,030 shares @ $0.00 (total 776,030 shares); both reported as derivative securities.
• Filing date: July 16, 2026 — filed within the standard two-business-day window (timely).
• Shares owned following the transaction: not disclosed in the filing.
• Footnotes/notable items: Form 4 lists these as awards (code A); the filing does not specify vesting terms, grant type (e.g., RSUs vs. other derivatives), or tax-withholding arrangements.

Context

• These entries are equity compensation awards, not open-market purchases or sales. Awards reported at $0.00 typically reflect granted equity (such as RSUs or similar derivative awards) rather than a cash purchase; the filing does not provide vesting or sale information. Such awards are common for executives and do not by themselves indicate a buy/sell sentiment — watch future Form 4s for any dispositions or vesting-related sales.