Ryan Polk - Mar 3, 2025 Form 4 Insider Report for SideChannel, Inc. (SDCH)

Role
Chief Financial Officer, Director
Signature
/s/ Ryan L. Polk
Stock symbol
SDCH
Transactions as of
Mar 3, 2025
Transactions value $
$308,230
Form type
4
Date filed
3/5/2025, 05:19 PM
Previous filing
Jan 24, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDCH Restricted Stock Unit Award $325K +1.81M +78.57% $0.18 4.11M Mar 3, 2025 Direct F1
transaction SDCH Restricted Stock Unit Tax liability -$17.2K -409K -11.61% $0.04 3.11M Mar 3, 2025 Direct F2
holding SDCH Common Stock 1.62M Mar 3, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of shares of common stock approved by the independent directors of the issuer's board of directors and issued in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended. The shares vest according to the following schedule: 602,601 shares vesting on March 2, 2026, 602,601 shares vesting on March 1, 2027, and 602,601 shares vesting on March 1, 2028.
F2 On March 3, 2025, 995,405 RSUs vested. Following the vesting of such RSUs, 408,913 shares of Common Stock otherwise issuable pursuant to the vesting were withheld for the payment of taxes, resulting in the issuance of 586,492 shares of Common Stock to the Reporting Person.
F3 Represents the total amount of securities beneficially owned by the Reporting Person following the reported transactions above.