Rovinsky Zachary 4

What Happened

• Zachary Rovinsky, Chief Financial Officer of Scientific Industries (SCND), received a grant of 25,000 derivative shares (reported as an acquisition at $0.00) on February 17, 2026. The filing lists the transaction value as $0 at grant — no cash was paid at the time of award.

Key Details

• Transaction date: 2026-02-17; reported on SEC Form 4 filed 2026-03-17 (filed late).
• Instrument: 25,000 derivative shares/option-like award reported at $0.00.
• Shares owned after the transaction: not specified in the Form 4 provided.
• Footnote: Vesting is based on a 4-year cliff from the date of the option grant (F1).
• Timeliness: The Form 4 was filed about 28 days after the transaction, missing the typical 2-business-day reporting deadline for insider trades; late filings are noted by investors and regulators.

Context

• This was an award/grant (compensation), not a purchase or sale. Derivative awards typically give the right to acquire shares subject to vesting; here the award appears to be option-like with a single 4-year cliff vesting schedule, so the shares are not immediately owned or tradable. Awards are common executive compensation and do not by themselves indicate the insider is buying or selling stock.