Form 4: SideChannel Director MacConnel Acquires Restricted Stock Units, Terminates Stock Options
SEC Form 4 Filing
Deborah Kuenzi MacConnel, a director at SideChannel, Inc., acquired 1,100,000 restricted stock units and terminated stock options for the same amount of shares.
Summary
- On December 23, 2024, Deborah Kuenzi MacConnel, a director of SideChannel, Inc., acquired 1,100,000 restricted stock units at a price of $0.18.
- Following this transaction, MacConnel directly owns 1,133,334 securities.
- Concurrently, MacConnel's stock options for 1,100,000 shares were terminated and rescinded.
- The stock options had an exercise price of $0 and were originally scheduled to vest in three tranches starting March 1, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Key Dates
| Date | Description |
|---|---|
| 12/23/2024 | Date of restricted stock unit acquisition and stock option termination |
| 03/01/2025 | Original vesting date for the first tranche of the terminated stock options (366,666 shares) |
| 03/01/2026 | Original vesting date for the second tranche of the terminated stock options (366,667 shares) |
| 03/01/2027 | Original vesting date for the third tranche of the terminated stock options (366,667 shares) |
| 05/09/2034 | Expiration date of the terminated stock options |
| 12/26/2024 | Date of signature on the Form 4 |
Keywords
SideChannel, Director, MacConnel, Restricted Stock Units, Stock Options, Beneficial Ownership, Form 4, Securities
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