Director William L. Parnell Jr. filed a Form 4 with the SEC on October 29, 2026, reporting the acquisition of 2,000 shares of Socket Mobile, Inc. common stock on October 28, 2026, under a newly approved Director Compensation Program.

Key Highlights

  • Transaction date: 2,000 shares of common stock were acquired on October 28, 2026, with transaction code "A" (acquisition).
  • Grant price: Shares were granted at $1.00 per share, according to the filing.
  • Market price at grant: The closing market price on the transaction date was $0.3402 per share, as disclosed in the filing's footnote.
  • Post-transaction ownership: Parnell directly beneficially owned 110,600 shares following the reported transaction.
  • Program basis: The Board of Directors approved a Director Compensation Program effective October 28, 2026, allowing directors to receive common stock in lieu of cash compensation.
  • Reporting person's role: William L. Parnell Jr. is identified as a Director of Socket Mobile, Inc. (NASDAQ:SCKT).

Socket Mobile Director Receives Shares Under New Board Compensation Program

According to the Form 4 filed on October 29, 2026, William L. Parnell Jr., a director of Socket Mobile, Inc. (NASDAQ:SCKT), acquired 2,000 shares of the company's common stock on October 28, 2026. The filing identifies the transaction code as "A," indicating an acquisition. The shares were granted at a price of $1.00 per share under a Director Compensation Program that the Board of Directors approved effective October 28, 2026.

The filing's footnote discloses that the $1.00 per share grant price was above the closing market price of $0.3402 per share on the transaction date. The program, as described in the filing, allows directors to receive common stock in lieu of cash compensation. The filing does not provide additional details about the structure or duration of the program beyond this description.

Following the reported transaction, Parnell directly beneficially owned 110,600 shares of Socket Mobile common stock, according to the filing. No derivative securities transactions were reported in Table II of the Form 4. The form was signed by William Parnell and dated October 29, 2026.

What Was Disclosed

Director William L. Parnell Jr. reported acquiring 2,000 shares of Socket Mobile common stock at $1.00 per share on October 28, 2026, under a board-approved compensation program, bringing his direct beneficial ownership to 110,600 shares.