Hugh T. Regan - May 10, 2024 Form 4 Insider Report for SideChannel, Inc. (SDCH)

Role: Director
Signature: /s/ Hugh T. Regan, Jr.
Stock symbol: SDCH
Transactions as of: May 10, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/7/2024, 08:54 PM
Previous filing: Jan 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SDCH	Common Stock						358K	May 10, 2024	Direct
holding	SDCH	Restricted Stock Unit						33.3K	May 10, 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	+1.1M		$0.00	1.1M	May 10, 2024	Common Stock	1.1M	$0.18	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.

Content

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.