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

Director Edward G. Broenniman forfeited 1,645 shares of Aethlon Medical common stock to cover tax obligations upon the conversion of restricted stock units.

Summary

• On March 31, 2025, Edward G. Broenniman, a director of Aethlon Medical Inc., forfeited 1,645 shares of common stock.
• The forfeiture was related to the conversion of 8,224 vested restricted stock units into common stock.
• The shares were forfeited to cover tax withholdings associated with the conversion.
• The price per share used for the tax withholding calculation was $0.358.
• Following the transaction, Broenniman beneficially owns 38,884 shares of Aethlon Medical common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation. It is neither particularly positive nor negative.

Industry Context

This transaction is a routine part of executive compensation involving stock-based awards. It reflects the standard practice of covering 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 related to executive compensation.

Key Dates

Keywords

Aethlon Medical, Director, Share Forfeiture, Tax Withholdings, Restricted Stock Units, Beneficial Ownership, AEMD