Form 4: Aethlon Medical Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Nicolas Gikakis sold 1,954 shares of Aethlon Medical Inc. to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 29, 2024, Nicolas Gikakis, a director of Aethlon Medical Inc. (AEMD), disposed of 1,954 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) dated April 28, 2023.
- The shares were sold at a price of $1.68 per share.
- Following the transaction, Gikakis directly owns 13,680 shares of Aethlon Medical Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (tax-related share sale) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and directors.
Stakeholder Impact
- The sale of shares by a director could have a minor, temporary impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/28/2023 | Date of the restricted stock unit (RSU) grant that triggered the tax obligation. |
| 03/29/2024 | Date of the share sale transaction. |
Keywords
Aethlon Medical, AEMD, Form 4, Nicolas Gikakis, Director, Share Sale, Tax Withholding, RSU, Restricted Stock Units
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