Form 4: Aethlon Medical Director Forfeits Shares to Cover Tax Obligations

Aethlon Medical director Edward G. Broenniman forfeited 1,645 shares of common stock to cover tax withholdings related to the conversion of restricted stock units.

Summary

• Aethlon Medical director Edward G. Broenniman forfeited 1,645 shares of common stock on December 31, 2024.
• The shares were forfeited to cover tax obligations arising from the conversion of 8,224 vested restricted stock units into common stock.
• The forfeiture was executed at a price of $0.86 per share.
• Following the transaction, Mr. Broenniman directly owns 40,529 shares of Aethlon Medical common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a standard transaction for company directors who receive stock-based compensation. It is common for shares to be forfeited to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Forfeiting shares to cover tax obligations is a common practice among publicly traded companies when employees or directors receive stock-based compensation.
• The number of shares forfeited is proportional to the tax liability incurred upon vesting of restricted stock units, which is a standard procedure.
• The price of $0.86 per share is the market price at the time of the transaction, which is consistent with standard practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations related to stock-based compensation.

Key Dates

Keywords

Aethlon Medical, Director Share Forfeiture, Insider Trading, Stock Options, Tax Withholding, Restricted Stock Units, Share Ownership