Form 4: Socket Mobile Director Ivan Lazarev Receives 9,000 Share Grant Upon Board Election

Socket Mobile, Inc. director Ivan Lazarev has acquired 9,000 shares of common stock as a grant upon his election to the Board of Directors, increasing his total beneficial ownership to 30,542 shares.

Summary

• Ivan Lazarev, a director of Socket Mobile, Inc. (SCKT), acquired 9,000 shares of common stock on June 4, 2025.
• The acquisition was a grant of shares to the newly elected Board of Directors.
• The shares were valued at the market closing price of $1.112 per share on the grant date.
• Following this transaction, Mr. Lazarev beneficially owns a total of 30,542 shares of Socket Mobile common stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates director alignment with shareholder interests through a stock grant, which is a routine compensation event for a newly elected board member.

Positives

• The grant of shares to a newly elected director, Ivan Lazarev, aligns his interests with those of existing shareholders.
• The acquisition increases the director's stake in the company, potentially indicating confidence in future performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Shares were granted to the newly elected Board of Directors on June 4, 2025, valued at the market closing price of $1.112.

Industry Context

This is a standard insider transaction report (Form 4) detailing a director's acquisition of company stock, which is a routine regulatory disclosure and does not provide broader industry context.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of shares to a director can be seen as a positive step towards aligning management's interests with shareholder value creation.

Key Dates

Keywords

Socket Mobile, SCKT, Ivan Lazarev, Form 4, Insider Transaction, Stock Grant, Director Compensation, Beneficial Ownership