Form 4: Aethlon Medical Director Forfeits Shares to Cover Tax Withholdings
SEC Form 4
Director Chetan Shah forfeited 3,289 shares of Aethlon Medical common stock to cover tax obligations upon the conversion of restricted stock units.
Summary
- On September 30, 2024, Chetan Shah, 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.
- Following the transaction, Shah directly owns 37,954 shares of Aethlon Medical Inc.
- The forfeiture occurred at a price of $0.466 per share.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment regarding the company's performance.
Industry Context
This is a standard transaction related to executive compensation and tax obligations. It is common for company directors to receive stock-based compensation and subsequently forfeit shares to cover taxes upon vesting or conversion.
Stakeholder Impact
- The forfeiture of shares by a director has a negligible impact on shareholders, employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of previous Form 4 filing by Chetan Shah regarding a grant of restricted stock units. |
| 09/30/2024 | Date of the transaction where Chetan Shah forfeited shares to cover tax withholdings. |
| 10/01/2024 | Date of signature on the Form 4 filing. |
Keywords
Aethlon Medical, Chetan Shah, Form 4, Share Forfeiture, Tax Withholdings, Restricted Stock Units, AEMD, Director
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