Robert Brooks Brown - 10 May 2024 Form 4 Insider Report for SideChannel, Inc. (SDCH)

Role
Director
Signature
/s/ Robert Brown
Issuer symbol
SDCH
Transactions as of
10 May 2024
Net transactions value
$0
Form type
4
Filing time
07 Aug 2024, 21:27:04 UTC
Previous filing
12 Mar 2024
Next filing
26 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SDCH Common Stock 13,889 10 May 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SDCH Stock Option (right to buy) Award $0 +1,100,000 $0.000000 1,100,000 10 May 2024 Common Stock 1,100,000 $0.1800 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant, by the issuer's Board of Directors, of an option to purchase 1,100,000 shares of the issuer's common stock. On August 1, 2024, the Option Award Agreement exercise price was corrected from $0.06 per share to $0.18 per share. As reported on the previous Form 4, filed June 20, 2024, the option vests, and becomes exercisable, with respect to 366,666 shares on March 1, 2025, and with respect to 366,667 shares on each of March 1, 2026 and March 1, 2027, respectively. The option expires on May 9, 2034.