Form 4: Z Squared Inc. Director Awarded RSUs
Statement of Changes in Beneficial Ownership
Z Squared Inc. reports the grant of 9,868 Restricted Stock Units to Director Kenneth Lyle Cooper, vesting over 36 months.
Summary
- Kenneth Lyle Cooper, a Director at Z Squared Inc., was granted 9,868 Restricted Stock Units (RSUs) on April 27, 2026.
- The RSUs were awarded under an Independent Director Agreement, the issuer's 2025 Incentive Compensation Plan, and the Non-Employee Director Compensation Program.
- The grant-date fair value of the award was $150,000.
- Each RSU represents a contingent right to receive one share of Z Squared Inc.'s common stock.
- The RSUs vest in 36 equal monthly installments starting April 27, 2026, contingent upon continued Board service.
- The number of RSUs was calculated by dividing $150,000 by the common stock's fair market value on the grant date, rounded down.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it details a standard director compensation award rather than significant financial performance or strategic shifts.
Positives
- Director compensation through equity awards aligns incentives with shareholder value.
- The RSU grant structure provides a long-term retention incentive for the director.
- The vesting schedule encourages continued service and commitment to the company.
Negatives
- The value of the RSUs is subject to fluctuations in Z Squared Inc.'s stock price.
- The number of RSUs was rounded down, potentially slightly reducing the total award value.
Risks
- The value of the awarded RSUs is directly tied to the future performance and stock price of Z Squared Inc.
- Continued Board service is a condition for vesting, implying a risk of forfeiture if service is not maintained.
Future Outlook
The RSUs vest over 36 months, indicating a forward-looking compensation plan tied to continued service.
Industry Context
StockSavvy.ai notes that granting RSUs to directors is a common practice in the technology and growth sectors to attract and retain experienced leadership while aligning their interests with long-term shareholder value.
Related Party Transactions
- Grant of Restricted Stock Units to Director Kenneth Lyle Cooper under an Independent Director Agreement.
Stakeholder Impact
- Shareholders: The RSU grant represents potential future dilution, but also aligns director incentives with long-term company performance.
- Employees: The filing does not directly impact employees.
- Creditors: The filing has no direct impact on creditors.
- Suppliers: The filing has no direct impact on suppliers.
Next Steps
- Continued monthly vesting of RSUs for Kenneth Lyle Cooper over the next 36 months, subject to continued Board service.
Key Dates
| Date | Description |
|---|---|
| 04/27/2026 | Grant date of Restricted Stock Units (RSUs) to Kenneth Lyle Cooper and commencement date of monthly vesting installments. |
| 06/04/2025 | Date the Independent Director Agreement was entered into between Z Squared Inc. (predecessor) and Kenneth Lyle Cooper. |
| 04/30/2026 | Date of signature on the Form 4 filing. |
Keywords
Z Squared Inc., ZSQR, Form 4, SEC Filing, Director Compensation, Restricted Stock Units, RSUs, Equity Award, Kenneth Lyle Cooper, Insider Trading, Beneficial Ownership
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