Form 4: SideChannel Director Robert Brown Granted Stock Options

Robert Brown, a director at SideChannel, Inc., was granted options to purchase 1,100,000 shares of the company's common stock.

Summary

• On May 10, 2024, Robert Brown, a director of SideChannel, Inc., received a grant of stock options.
• The options allow him to purchase 1,100,000 shares of SideChannel's common stock at an exercise price of $0.06 per share.
• The options vest 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 options expire on May 9, 2034.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock option grants, which is neither inherently positive nor negative.

Positives

• The grant of stock options to a director aligns their interests with those of the shareholders, potentially incentivizing them to work towards increasing the company's value.

Industry Context

Stock option grants are a common form of executive compensation in the technology industry, used to attract and retain talent and align management's interests with those of shareholders.

Stakeholder Impact

• The stock option grant could potentially dilute existing shareholders if the options are exercised.

Key Dates

Keywords

stock options, director, Robert Brown, SideChannel, SDCH, grant, beneficial ownership