This is an example of a Form 4 you were alluding too earlier where an insider is compensated in stock but notice the zero value upon disbursement.
The value was stated on the Form 4 at .024 for the shares that Otterbach acquired of Feel. My hunch is he bought them over days and posted the average but not 100% of that.
Also, if the shares were issued by the company, the restrictions would be stated on the filing. No such restrictions are stated which steers me to open market transactions for the 750,000 shares at an average price of .024.