Form 4: Aethlon Medical Director Forfeits Shares to Cover Tax Withholdings
SEC Form 4
Director Nicolas Gikakis forfeited 3,289 shares of Aethlon Medical common stock to cover tax obligations upon conversion of restricted stock units.
Summary
- On September 30, 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 8,223 vested restricted stock units into common stock.
- Following the transaction, Gikakis directly owns 38,041 shares of Aethlon Medical common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate positive or negative sentiment.
Industry Context
This is a standard transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares forfeited by a director to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of Form 4 filing reporting the grant of restricted stock units. |
| 09/30/2024 | Date of transaction: Forfeiture of shares to cover tax withholdings. |
| 10/01/2024 | Date of signature on the Form 4 filing. |
Keywords
Aethlon Medical, Nicolas Gikakis, Form 4, Share Forfeiture, Tax Withholdings, Restricted Stock Units, AEMD, Director
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