4//SEC Filing
OTT LEONARD L 4
Accession 0000944075-22-000028
CIK 0000944075other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 4:40 PM ET
Size
5.3 KB
Accession
0000944075-22-000028
Insider Transaction Report
Form 4
OTT LEONARD L
Chief Technical Officer
Transactions
- Award
Common Stock
2022-05-03+20,000→ 84,916 total
Footnotes (1)
- [F1]Vesting of restricted shares of Socket Mobile, Inc. Common Stock is subject to achievement of the milestones within 3 years. Unvested shares will be cancelled after May 3, 2025. Recipient earns 30% of granted shares when 12 trailing months (TTM) EBITDA exceeds $5.0M, and the earned shares will vest on May 3, 2023 or the earned date, whichever date comes later. Recipient earns additional 30% of granted shares when 12 trailing months (TTM) EBITDA exceeds $6.0M, and the earned shares will vest on May 3, 2024 or the earned date, whichever date comes later. Recipient earns the final 40% of granted shares when 12 trailing months (TTM) EBITDA exceeds $7.0M, and the earned shares will vest on May 3, 2025 or the earned date, whichever date comes later.
Documents
Issuer
SOCKET MOBILE, INC.
CIK 0000944075
Entity typeother
Related Parties
1- filerCIK 0001192169
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 4:40 PM ET
- Size
- 5.3 KB