Form 4: SideChannel CEO Brian Haugli Reports Stock Transactions

SideChannel's CEO, Brian Wayne Haugli, reports acquisition and disposal of restricted stock units and common stock.

Summary

• Brian Wayne Haugli, CEO of SideChannel, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On March 3, 2025, Haugli acquired 2,711,704 restricted stock units at a price of $0.18.
• On the same day, he disposed of 507,975 restricted stock units at $0.042 for tax payments related to vesting.
• Following these transactions, Haugli directly owns 4,642,361 restricted stock units and 88,780,977 shares of common stock.
• The grant of shares of common stock was approved by the independent directors of the issuer's board of directors and issued in accordance with Rule 16b-3.
• The shares vest according to the following schedule: 903,901 shares vesting on March 2, 2026, 903,901 shares vesting on March 1, 2027, and 903,902 shares vesting on March 1, 2028.
• On March 3, 2025, 1,446,810 RSUs vested.
• Following the vesting of such RSUs, 507,975 shares of Common Stock otherwise issuable pursuant to the vesting were withheld for the payment of taxes, resulting in the issuance of 938,835 shares of Common Stock to the Reporting Person.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for company insiders, providing transparency into their trading activities.

Stakeholder Impact

• Shareholders are informed about the CEO's stock transactions, providing transparency.

Key Dates