Form 4: Aeries Technology CEO Bhisham Khare Reports Tax-Related Share Disposal
SEC Form 4 Filing
Bhisham Khare, CEO of Aeries Technology, disposed of 5,101 Class A Ordinary Shares to cover tax liabilities upon the settlement of restricted stock units.
Summary
- Bhisham Khare, the CEO of Aeries Technology, filed a Form 4 indicating changes in beneficial ownership.
- On February 24, 2025, Khare disposed of 5,101 Class A Ordinary Shares to cover tax liabilities.
- The shares were withheld by the company at a price of $0.5.
- Following the transaction, Khare beneficially owns 2,466,259 Class A Ordinary Shares, which includes 9,899 Class A ordinary shares and 2,456,360 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by the CEO to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of the transaction where 5,101 Class A Ordinary Shares were disposed of. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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