Form 4: SideChannel Director Nicholas Hnatiw Reports Changes in Beneficial Ownership

Nicholas Hnatiw, a director at SideChannel, Inc., reported the acquisition and disposal of restricted stock units (RSUs) and common stock on March 1, 2024, affecting his beneficial ownership.

Summary

• On March 1, 2024, Nicholas Hnatiw, a director of SideChannel, Inc., engaged in transactions involving restricted stock units (RSUs) and common stock.
• Hnatiw acquired 694,444 RSUs at a price of $0.054.
• Additionally, 388,890 RSUs vested, leading to the withholding of 134,556 shares for tax payments and the issuance of 254,334 shares of common stock.
• Following these transactions, Hnatiw directly owns 1,101,853 RSUs and 13,939,431 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership changes.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It allows investors to track the actions of key personnel and their alignment with the company's performance.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates

Keywords

SideChannel, Hnatiw, Beneficial Ownership, Form 4, Restricted Stock Units, Common Stock, Director, SDCH