Director Kevin J. Mills of Socket Mobile, Inc. filed a Form 4 on October 29, 2026, disclosing the acquisition of 1,600 shares of common stock on October 28, 2026, under a newly approved Director Compensation Program.

Key Highlights

  • Shares acquired: Kevin J. Mills received 1,600 shares of Socket Mobile common stock on October 28, 2026, with transaction code "A" (acquired).
  • Grant price: The shares were granted at $1.00 per share, according to the filing.
  • Market price at grant: The filing notes the closing market price on the transaction date was $0.3402 per share.
  • Post-transaction ownership: Mills directly holds 53,067 shares of common stock following the transaction.
  • Program basis: The filing states that effective October 28, 2026, the Board of Directors approved a Director Compensation Program allowing directors to receive common stock in lieu of cash compensation.
  • Reporting person role: Mills is identified as a Director of Socket Mobile, Inc. (NASDAQ:SCKT).

Socket Mobile Director Mills Receives Stock Under New Board Compensation Program

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Kevin J. Mills, a director of Socket Mobile, Inc. (NASDAQ:SCKT), acquired 1,600 shares of the company's common stock on October 28, 2026. The acquisition was made directly and is reported under transaction code "A," indicating shares received rather than purchased on the open market.

The filing's explanation of responses states that "effective October 28, 2026, the Board of Directors approved a Director Compensation Program allowing Directors to receive common stock in lieu of cash compensation." The shares were granted at $1.00 per share. The filing separately notes that the closing market price on that date was $0.3402 per share, a figure disclosed within the footnote to the transaction.

Following the reported transaction, Mills beneficially owns 53,067 shares of Socket Mobile common stock directly. No derivative securities transactions were reported in Table II of the filing. The Form 4 was signed by Kevin Mills and filed on October 29, 2026, covering a transaction with a date of earliest transaction of October 28, 2026.

What Was Disclosed

Director Kevin J. Mills filed a Form 4 reporting the acquisition of 1,600 Socket Mobile common shares on October 28, 2026, at $1.00 per share under a Board-approved Director Compensation Program, bringing his direct beneficial ownership to 53,067 shares.