Burke Michelle Ellen 4

What Happened
Michelle Ellen Burke, CEO of Z Squared, Inc. reported receiving 16,447 shares of the company's common stock on April 27, 2026. The Form 4 records the acquisition at $0.00 per share (transaction code A = award/grant), but a footnote states these shares represent the first quarterly tranche worth $250,000 under an amended service agreement and the 2025 Incentive Compensation Plan. That implies an approximate per-share value of about $15.20 when the share count was calculated.

Key Details

• Transaction date: April 27, 2026; Form filed April 30, 2026.
• Reported transaction: Award/acquisition (code A) of 16,447 shares at $0.00 on the Form 4; economic value for this tranche = $250,000 per the filing footnote.
• Award structure: Part of a $1,000,000 stock award payable in four equal quarterly tranches; this is the first $250,000 tranche. Number of shares was determined by dividing $250,000 by ZSQR's Nasdaq closing price on 4/27/2026 (rounded down).
• Shares owned after transaction: Not disclosed in this filing.
• Timeliness: Filed three days after the transaction (Apr 30 filing for Apr 27 transaction); the filing does not carry an explicit late-report flag.

Context
This was a compensation issuance (an award under an incentive plan), not an open-market purchase or sale. Such grants are routine forms of executive compensation and do not directly indicate immediate buying or selling of shares in the market.