Charlie Bass Amends Socket Mobile Stake Filing

TL;DR

Charlie Bass updated his Socket Mobile (SCKT) filing - ownership change.

AI Summary

Charlie Bass, filing an amendment (No. 4) to Schedule 13D on August 23, 2024, has reported a change in beneficial ownership of Socket Mobile, Inc. common stock. The filing indicates a shift in holdings, though specific new percentages or dollar amounts are not detailed in this excerpt. The filing is an update to a previous Schedule 13D, suggesting ongoing activity related to Bass's stake in the company.

Why It Matters

This filing indicates a change in a significant shareholder's stake in Socket Mobile, Inc., which could signal shifts in company control or strategy.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate potential shifts in control or strategy, impacting stock price.

Key Players & Entities

• Charlie Bass (person) — Filing person reporting change in beneficial ownership
• Socket Mobile, Inc. (company) — Subject company of the filing
• SC 13D/A (document) — Type of SEC filing
• August 23, 2024 (date) — Date of filing

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
• $225,075.50 — purchases for a total of approximately $225,075.50 using personal funds of Mr. Bass or as
• $525,000 — m the Issuer in the principal amount of $525,000 (the “2024 Note”). The 2024

Filing Documents

• sc13da_cb.htm (SC 13D/A) — 84KB
• 0000944075-24-000064.txt ( ) — 85KB

Security and Issuer

Item 1. Security and Issuer. This Amendment relates to shares of Common Stock of the Issuer, whose principal executive offices are located at 40675 Encyclopedia Cir., Fremont, CA 94538.

Identity and Background

Item 2. Identity and Background. Paragraphs (b) and (c) of Item 2 of the Original Schedule 13D are amended and restated in their entirety as follows: (b) The (c) Mr. Bass is Chairman of the Board of Directors of the Issuer, whose business address is 40675 Encyclopedia Cir., Fremont, CA 94538.

Source and Amount of Funds or other Consideration

Item 3. Source and Amount of Funds or other Consideration. The ownership of shares of Common Stock previously reported in the Original Schedule 13D is hereby amended to include the following transactions: All of the Common Stock acquired by the Reporting Persons during the period covered by this Amendment, as listed in Item 5 below, was acquired in open market purchases for a total of approximately $225,075.50 using personal funds of Mr. Bass or as grants of restricted stock from the Company in connection with Mr. Bass’ election to and service on the Board of Directors of the Company. 2024 Convertible Note Financing On August 21, 2024, the Bass Trust purchased a convertible subordinated secured promissory note from the Issuer in the principal amount of $525,000 (the “2024 Note”). The 2024 Note carries a 10% annual interest rate and has a maturity date of August 21, 2027. The principal amount of the 2024 Note is convertible at the option of the holder into a maximum of 551,759 shares of Common Stock at any time on or prior to the maturity date. The Bass Trust used its own funds to purchase the 2024 Note. Mr. Bass is the beneficial owner of the 2024 Note and has the sole power to dispose of or direct the disposition of the 2024 Note. 3

Purpose of Transaction

Item 4. Purpose of Transaction. The acquisition of common stock and the 2024 Note by the Bass Trust was for investment purposes only. At the time of the filing of this Amendment, Mr. Bass has no present plans or proposals that relate to or would result in any of the matters described in subparagraphs (a) through (j) of Item 4 of the instructions to Schedule 13D. Mr. Bass is a director of the Issuer, and this Amendment, the disclosures herein, and any future amendments hereto are not intended to, and do not, make disclosures with respect to transactions in which the Issuer may engage to which Mr. Bass is not a party or other matters that Mr. Bass may learn of or be involved with in his capacity as a director of the Issuer.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) Mr. Bass is the beneficial owner of 3,408,547 shares of Common Stock consisting of (i) 1,416,651 shares of Common Stock held by the Bass Trust, (ii) up to 684,931 shares of Common Stock issuable to the Bass Trust upon conversion of the convertible subordinated secured promissory note purchased by the Bass Trust on August 31, 2020, (iii) up to 746,268 shares of Common Stock issuable to the Bass Trust upon conversion of the 2023 Note, (iv) up to 551,759 shares of Common Stock issuable to the Bass Trust upon conversion of the 2024 Note, and (v) up to 8,938 shares of Common Stock issuable pursuant to stock options held by Mr. Bass that are exercisable within 60 days of the date of this Amendment. Such shares of Common Stock, collectively, represent 35.5 % of the 9,590,745 shares of Common Stock deemed to be outstanding for the purpose of computing the percentage of outstanding shares of Common Stock owned by Mr. Bass pursuant to SEC Rule 13d-3(d)(1)(i), and which consists of (i) 7,598,849 shares of Common Stock outstanding as of August 21, 2024, (ii) 684,931 shares of Common Stock underlying the convertible subordinated secured promissory note purchased by the Bass Trust on August 31, 2020, (iii) 746,268 shares of Common Stock underlying the 2023 Note held by the Bass Trust , (iv) up to 551,759 shares of Common Stock issuable to the Bass Trust upon conversion of the 2024 Note, and (v) up to 8,938 shares of Common Stock issuable pursuant to stock options held by Mr. Bass that are exercisable within 60 days of the date of this Amendment. (b) Mr. Bass has sole power to vote and dispose of all shares of Common Stock beneficially owned by Mr. Bass. (c) From the date of the Schedule 13D until the date of filing hereof, the following transactions occurred: Date Direct Beneficial Owner Type of Activity Type of Security Shares Purchase Price of Security 6/7/2023 Bass Trust Grant Common Stock 13,000 n/a 11

Contracts, Arrangements, Undertakings

Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect to Securities of the Issuer. Mr. Bass has entered into a revocable trust agreement for estate planning purposes that governs his beneficial ownership and voting and dispositive power over the holdings of the Bass Trust. Pursuant to the revocable trust agreement, Mr. Bass may also revoke the trust at his sole discretion. Mr. Bass currently holds stock options to purchase an aggregate of 143,000 shares of Common Stock, of which options to purchase 8,938 shares are exercisable within 60 days of the date of this filing.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits. Exhibit No. A Form of Secured Subordinated Convertible Note, issued August 21, 2024 (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K filed on August 22, 2024) 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 23, 2024 Date /s/ Charlie Bass Signature Charlie Bass Name

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