Mulgrew Christopher Robert 4

What Happened
Mulgrew Christopher Robert, a reported 10% owner of Hawkeye Systems, received multiple stock awards (grants) totaling 1,145,000 shares in 2024–2025 and also sold a series of shares in open-market/private transactions. Major awards include 500,000 shares at $0.14 (3/12/2024, $71,000), 45,000 shares at $0.05 (7/15/2024, $2,250), 100,000 shares at $0.10 (10/1/2025, $10,000) and 500,000 shares at $0.10 (12/3/2025, $50,000) — total acquisition value roughly $133,250. Disposals total 168,478 shares across many small trades from 4/25/2024 through 6/11/2025, generating about $16,324 in proceeds. Acquisitions (awards) materially exceed sales in share count and dollar value (net increase of 976,522 shares based on these transactions).

Key Details

• Acquisition (award/grant) transactions:
  • 2024-03-12: 500,000 shares @ $0.14 — $71,000 (Award)
  • 2024-07-15: 45,000 shares @ $0.05 — $2,250 (Award)
  • 2025-10-01: 100,000 shares @ $0.10 — $10,000 (Award)
  • 2025-12-03: 500,000 shares @ $0.10 — $50,000 (Award)
• Sale (open market/private) transactions (selected chronologic list):
  • 2024-04-25: 3,500 shares @ $0.26 — $910
  • 2024-04-30: 11,929 shares @ $0.16 — $1,940
  • 2024-05-06: 904 shares @ $0.15 — $136
  • 2024-05-07: 15,145 shares @ $0.13 — $1,969
  • 2024-07-22: 2,500 shares @ $0.30 — $750
  • 2024-07-26: 2,500 shares @ $0.25 — $625
  • 2024-07-30: 2,500 shares @ $0.20 — $503
  • 2024-08-01: 2,500 shares @ $0.21 — $533
  • 2024-09-10: 40,000 shares @ $0.05 — $2,020
  • 2025-04-06: 5,061 shares @ $0.11 — $557
  • 2025-04-24: 40,000 shares @ $0.07 — $2,880
  • 2025-05-12: 29,774 shares @ $0.07 — $2,084
  • 2025-05-21: 1,000 shares @ $0.07 — $70
  • 2025-06-09: 104 shares @ $0.15 — $16
  • 2025-06-11: 11,061 shares @ $0.12 — $1,331
• Totals from provided transactions: Acquired 1,145,000 shares ($133,250); Sold 168,478 shares ($16,324); Net +976,522 shares.
• Shares owned after these transactions: not specified in the provided data (net change computed above but not total holdings).
• Footnotes/plan notes: none shown in the provided data (no 10b5-1, tax withholding or other footnotes indicated).
• Timeliness: The Form 4 was filed on 2026-04-13 reporting transactions dated 2024–2025 — this appears to be a late filing.

Context

• As a 10% owner, Mulgrew is a principal-level insider (different from an executive officer); awards likely reflect company grants or compensation rather than open-market purchases. Awards increase holdings (informative), while small, staggered sales appear to be routine disposals.
• These are straightforward equity awards and open-market/private sales — no derivative exercises, gifts, or tax-withholding transactions are indicated in the provided entries.
• Retail investors should view awards as an increase in insider exposure but avoid assuming motive; filing timeliness (late filing) can delay market visibility into these changes.