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

Aethlon Medical director Chetan Shah forfeited 3,289 shares of common stock to cover tax withholdings related to the conversion of restricted stock units.

Summary

• A Form 4 filing reveals that Chetan Shah, a director at Aethlon Medical, forfeited 3,289 shares of common stock on December 31, 2024.
• This forfeiture was a result of converting 8,224 vested restricted stock units into common stock.
• The forfeited shares were used to cover tax withholdings associated with the conversion.
• The price of the stock at the time of forfeiture was $0.86 per share.
• Following the transaction, Mr. Shah directly owns 34,665 shares of Aethlon Medical common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to stock-based compensation and tax obligations. It is neither positive nor negative for the company's outlook.

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

• Stock forfeitures to cover tax obligations are a common practice among publicly traded companies.
• The process of converting restricted stock units and using shares to cover taxes is standard procedure.
• Similar transactions are regularly reported by directors and officers of other companies in the biotechnology and medical device sectors.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares, but is not expected to significantly affect shareholders.
• The transaction is a normal part of executive compensation and does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Aethlon Medical, Chetan Shah, Form 4, stock forfeiture, restricted stock units, tax withholdings, insider transaction, share ownership