Form 4: Aethlon Medical Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Chetan Shah disposed of 3,289 shares of Aethlon Medical Inc. to cover tax obligations related to the vesting of restricted stock units.
Summary
- On June 28, 2024, Chetan Shah, a director of Aethlon Medical Inc., disposed of 3,289 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) granted on April 16, 2024.
- The shares were disposed of at a price of $0.499 per share.
- Following the transaction, Shah directly owns 41,243 shares of Aethlon Medical Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations), so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of RSU grant |
| 06/28/2024 | Date of transaction (share disposal) |
| 07/01/2024 | Date of signature on the Form 4 filing |
Keywords
Aethlon Medical, AEMD, Chetan Shah, Director, Share Disposal, Form 4, Tax Withholding, RSU, Securities, Ownership
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