Marshall Corby 4

What Happened

• Marshall Corby, a reported 10% owner of Hawkeye Systems (HWKE), reported multiple equity transactions: large awards/acquisitions and several small open-market sales.
• Awards/acquisitions: 2,345,175 shares granted on 2024-01-23 at $0.00 (value reported $0), and 500,000 shares acquired on 2025-10-01 at $0.10 per share (reported total $50,000).
• Sales: open-market disposals totaling 58,276 shares across 2025 (20,000 @ $0.17 on 2025-03-07; 20,000 @ $0.15 on 2025-03-17; 10,000 @ $0.07 on 2025-03-18; 8,276 @ $0.15 on 2025-06-25) for aggregate proceeds of about $8,357.
• Purchases/awards are generally more informative than routine sales; here the largest activity was receipt of awards, while the sales were relatively small in dollar terms.

Key Details

• Transaction dates and prices:
  • 2024-01-23: Award/acquisition of 2,345,175 shares @ $0.00 (reported $0)
  • 2025-03-07: Sale 20,000 shares @ $0.17 — $3,396
  • 2025-03-17: Sale 20,000 shares @ $0.15 — $3,020
  • 2025-03-18: Sale 10,000 shares @ $0.07 — $700
  • 2025-06-25: Sale 8,276 shares @ $0.15 — $1,241
  • 2025-10-01: Acquisition 500,000 shares @ $0.10 — $50,000
• Total shares sold: 58,276 for ~ $8,357; total shares acquired in these filings: 2,845,175.
• Shares owned after the reported transactions: not specified in the filing summary provided.
• No footnotes indicating a 10b5-1 plan, tax withholding, or cashless exercise were provided in the data you supplied.
• Filing/Timeliness: The Form 4 was filed on 2026-04-07 for a reportable transaction dated 2024-01-23 — the filing is late, which reduces timeliness of disclosure but is common with some retroactive reporting and can warrant investor attention.

Context

• Corby is a 10% owner (significant shareholder), not necessarily an executive officer; such owners may receive large equity awards as part of ownership arrangements or compensation but their trades are treated differently than routine officer trades.
• The awards (especially the large 2.345M grant at $0) likely represent compensation or a restricted stock grant rather than open-market purchases; awards do not by themselves indicate buying on the open market.
• The small open-market sales represent modest cash proceeds relative to the size of the awards and should be interpreted cautiously; filings are factual disclosures and do not explain motivation.