Chairman Charlie Bass Boosts Stake to 43.6% with $400K Convertible Note and Open Market Purchases
SCKT is trading near its 52-week low of $0.816 (6.5% above the low) on light trading volume (0.1× avg).
Summary
Chairman Charlie Bass has significantly increased his beneficial ownership in Socket Mobile to 43.6% through a new $400,000 convertible note and additional open market purchases, providing crucial capital to the company.
Key Events · Ownership and Investor Activity · SCKT
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Chairman Increases Beneficial Ownership to 43.6%
Charlie Bass, Chairman of the Board, now beneficially owns 5,030,216 shares, representing 43.6% of the company's deemed outstanding common stock.
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$400,000 Convertible Note Purchase
The Bass Trust purchased a $400,000 secured subordinated convertible promissory note on March 27, 2026, convertible into up to 444,444 shares. This follows the company's recent $500,000 note financing.
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Additional Open Market Purchases
Mr. Bass made approximately $110,286 in open market purchases of common stock between November 2025 and February 2026.
Analysis · SCKT · Technology
This Schedule 13D/A filing details a substantial increase in Chairman Charlie Bass's beneficial ownership, now standing at 43.6% of Socket Mobile. This includes a new $400,000 secured subordinated convertible note purchased on March 27, 2026, which is convertible into 444,444 shares. This investment, combined with approximately $110,286 in open market purchases since November 2025, represents a significant capital injection and a strong vote of confidence from the Chairman, especially following the company's recent disclosure of a 20% revenue decline and ongoing financial challenges. The filing also consolidates his total beneficial ownership, including previous convertible notes and options, providing a comprehensive view of his substantial stake. This follows the 8-K and Form 4 filings on March 30, 2026, which initially disclosed the $500,000 note financing, with Bass's portion now fully detailed here.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SCKT was trading at $0.87 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.9M. The 52-week trading range was $0.82 to $1.36. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.