Bryan McLaren, Chairman, CEO and CFO of Zoned Properties, Inc. (OTC:ZDPY), filed a Form 4 on November 10, 2026, disclosing a restricted stock grant of 250,000 shares of common stock on October 30, 2026, made pursuant to a Severance Agreement dated that same day.

Key Highlights

  • Grant date: 250,000 shares of common stock were acquired by McLaren on October 30, 2026, at a price of $0.
  • Fully vested at issuance: According to the filing, the restricted stock grant "was fully vested at issuance."
  • Indirect ownership following transaction: McLaren beneficially owns 500,000 shares indirectly through BAM Trust after the reported transaction.
  • Separate disposal reported: A disposition of 62,500 shares of common stock is also listed in the filing, with no transaction date, price, or transaction code shown.
  • Governing agreements: The grant was made under a Golden Parachute Agreement dated May 23, 2018, as amended by a Material Event and Amendment Agreement dated January 15, 2026, and a Severance Agreement dated October 30, 2026.
  • Trustee control: McLaren is listed as trustee of BAM Trust and holds voting and investment control over the securities held by that trust.

Zoned Properties Chairman and CEO Receives Severance-Linked Stock Grant

According to the Form 4 filed with the SEC on November 10, 2026, Bryan McLaren, who serves as Chairman, CEO and CFO of Zoned Properties, Inc. (OTC:ZDPY), received a grant of 250,000 shares of common stock on October 30, 2026. The filing identifies the transaction code as "A" (acquired) and states the price as $0. The filing attributes the grant to the issuer's Board of Directors acting pursuant to three agreements: a Golden Parachute Agreement dated May 23, 2018; a Material Event and Amendment Agreement dated January 15, 2026; and a Severance Agreement dated October 30, 2026, between the issuer and McLaren.

The filing states that the grant "was fully vested at issuance." Following the reported transaction, McLaren is listed as indirectly beneficially owning 500,000 shares of common stock through BAM Trust. The filing notes that McLaren is the trustee of BAM Trust and "has voting and investment control over the securities held by BAM Trust."

The filing also records a separate line item showing a disposition of 62,500 shares of common stock held in the same indirect ownership form through BAM Trust. No transaction date, transaction code, or price is provided for that line in the filing. McLaren signed the form on November 10, 2026, and is identified as both a director and an officer of the issuer.

What Was Disclosed

Bryan McLaren disclosed the acquisition of 250,000 fully vested shares of Zoned Properties common stock at $0 on October 30, 2026, under a Severance Agreement, along with a separate 62,500-share disposition and resulting indirect beneficial ownership of 500,000 shares through BAM Trust.