Form 4: SideChannel Director Receives Stock Option Grant Before Stepping Down

James Richard Chris Hansen, a director at SideChannel, Inc., was granted a stock option for 1,100,000 shares before ceasing to be a board member.

Summary

• James Richard Chris Hansen, a director at SideChannel, Inc. (SDCH), received a stock option to purchase 1,100,000 shares of the company's common stock on May 10, 2024.
• The exercise price for the option is $0.06 per share.
• The option vests in three tranches: 366,666 shares on March 1, 2025, 366,667 shares on March 1, 2026, and 366,667 shares on March 1, 2027.
• The option expires on May 9, 2034.
• Hansen ceased to be a member of the issuer's Board of Directors effective June 18, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock option grants and a director's departure. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of stock options can incentivize directors to act in the best interests of the company and its shareholders.

Industry Context

Stock options are a common form of compensation for directors and executives, aligning their interests with those of shareholders. The size and vesting schedule of the option grant are typical considerations.

Management Changes

Stakeholder Impact

• Shareholders may view the stock option grant as an incentive for the director, but also consider the potential dilution of their ownership.

Key Dates

Keywords

stock option, director, SideChannel, SDCH, beneficial ownership, Form 4, Hansen, equity