Form 4: Aethlon Medical Director Forfeits Shares to Cover Tax Withholdings
SEC Form 4 Filing
Chetan Shah, 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 March 31, 2025, Chetan Shah, a director of Aethlon Medical Inc., forfeited 3,289 shares of common stock.
- The forfeiture was to cover tax withholdings related to the conversion of 8,224 vested restricted stock units into common stock.
- The shares were forfeited at a price of $0.358 per share.
- Following the transaction, Shah directly owns 31,376 shares of Aethlon Medical Inc.
- The restricted stock units were part of a grant reported on April 17, 2023.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company directors to forfeit shares to cover taxes associated with the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 04/17/2023 | Date of original grant of restricted stock units reported in a previous Form 4 filing. |
| 03/31/2025 | Date of transaction: Forfeiture of shares to cover tax withholdings. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Aethlon Medical, AEMD, Form 4, Beneficial Ownership, Chetan Shah, Director, Stock Forfeiture, Tax Withholdings, Restricted Stock Units
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