Form 4 for SCKT SOCKET MOBILE, INC.
Accepted 2022-05-04 00:00:00 ET · period of report 2022-05-03 · accession 0000944075-22-000028 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-05-04 | 2022-05-03 | SCKT | OTT LEONARD L | CTO, EVP of Engineering | A - Grant | $0.00 | +20.0K | 84.9K | +31% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-05-03 | A | A | 20,000 | $0.00 | 84,916 | D | — | — | (F1) Vesting of restricted shares of Socket Mobile, Inc. Common Stock is subject to achievement of the milestones within 3 years. Unvested shares will be cancelled after May 3, 2025. Recipient earns 30% of granted shares when 12 trailing months (TTM) EBITDA exceeds $5.0M, and the earned shares will vest on May 3, 2023 or the earned date, whichever date comes later. Recipient earns additional 30% of granted shares when 12 trailing months (TTM) EBITDA exceeds $6.0M, and the earned shares will vest on May 3, 2024 or the earned date, whichever date comes later. Recipient earns the final 40% of granted shares when 12 trailing months (TTM) EBITDA exceeds $7.0M, and the earned shares will vest on May 3, 2025 or the earned date, whichever date comes later. |