Form 4: SideChannel Director Nicholas William Hnatiw Acquires Shares at $0.06
SEC Form 4
Nicholas William Hnatiw, a director at SideChannel, Inc., acquired 385,132 shares of common stock at $0.06 per share on May 24, 2024, while disposing of 14,324,563 shares.
Summary
- On May 24, 2024, Nicholas William Hnatiw, a director of SideChannel, Inc., engaged in a transaction involving the company's common stock.
- Hnatiw acquired 385,132 shares at a price of $0.06 per share.
- Following the reported transaction, Hnatiw directly owns 14,324,563 shares of SideChannel, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. The acquisition could be seen as a positive signal, but the disposal of shares offsets this.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, such as directors, who trade in their company's stock. It provides transparency to the market regarding the trading activities of those with privileged information.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of transaction: acquisition of 385,132 shares of common stock and disposal of 14,324,563 shares. |
| 06/03/2024 | Date of signature for the SEC Form 4 filing. |
Keywords
SideChannel, Inc., Nicholas William Hnatiw, Director, Common Stock, Acquisition, Beneficial Ownership, Transaction, SDCH
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