Form 4: Aethlon Medical Director Forfeits Shares to Cover Tax Withholdings
SEC Form 4 Filing
Nicolas Gikakis, a director at Aethlon Medical, forfeited 3,289 shares of common stock to cover tax obligations upon the conversion of restricted stock units.
Summary
- On December 31, 2024, Nicolas Gikakis, a director of Aethlon Medical Inc., forfeited 3,289 shares of common stock.
- The shares were forfeited to cover tax withholdings related to the conversion of 8,224 vested restricted stock units into common stock.
- The forfeiture occurred at a price of $0.86 per share.
- Following the transaction, Gikakis directly owns 34,752 shares of Aethlon Medical common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard procedure for covering tax obligations related to stock compensation.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates a routine transaction related to tax obligations arising from the vesting of restricted stock units.
Stakeholder Impact
- The forfeiture of shares has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of previous Form 4 filing by the Reporting Person with the Securities and Exchange Commission regarding the grant of restricted stock units. |
| 12/31/2024 | Date of the transaction: forfeiture of shares to cover tax withholdings. |
| 01/03/2025 | Date of signature of the Form 4 filing. |
Keywords
Aethlon Medical, Nicolas Gikakis, Form 4, Share Forfeiture, Restricted Stock Units, Tax Withholdings, AEMD, Director
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