Form 4: Aethlon Medical Director Sells Shares to Cover Tax Obligations

Director Chetan Shah disposed of 1,163 shares of Aethlon Medical Inc. to cover tax obligations related to the vesting of restricted stock units.

Summary

• On March 29, 2024, Chetan Shah, a director of Aethlon Medical Inc., disposed of 1,163 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 28, 2023.
• The shares were disposed of at a price of $1.68 per share.
• Following the transaction, Shah directly owns 11,638 shares of Aethlon Medical Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a change in the director's overall confidence in the company.

Industry Context

Form 4 filings are routine 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.

Key Dates

Keywords

Aethlon Medical, AEMD, Chetan Shah, Director, Share Disposal, Form 4, Tax Withholding, RSU, Securities