Form 4: Applied Energetics CEO Emeritus Sells Shares

Gregory Quarles, CEO Emeritus and Director of Applied Energetics, exercised options and sold 10,000 shares of common stock.

Summary

• Gregory James Quarles, CEO Emeritus and Director of APPLIED ENERGETICS, INC. (AERG), engaged in a transaction on December 22, 2025.
• Quarles exercised 10,000 Non-Qualified Stock Options at an exercise price of $0.35 per share.
• Immediately following the exercise, he sold 10,000 shares of common stock at a weighted average price of $1.88 per share.
• The sale price ranged from $1.81 to $1.92 per share.
• After these transactions, Quarles directly owns 0 shares of common stock.
• He retains beneficial ownership of 4,850,000 Non-Qualified Stock Options and 1,954,545 unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: The transaction is a routine insider exercise and sale for liquidity, representing a small portion of the insider's total potential holdings. While any insider sale can be viewed with slight caution, the context suggests it's not a strong negative signal for the company's fundamentals.

Positives

• The insider realized a significant profit from the option exercise and subsequent sale, with shares sold at $1.88 after being acquired at $0.35, indicating a substantial gain on those specific shares.

Negatives

• An insider selling shares, even a relatively small amount, can sometimes be perceived by the market as a signal of reduced confidence, though this transaction is likely for personal liquidity or diversification.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may observe the insider sale as a data point, but given the relatively small volume compared to the insider's total potential holdings and the nature of an option exercise and sale, it is unlikely to have a significant direct impact on company operations or strategy.

Key Dates

Keywords

Applied Energetics, AERG, Insider Trading, Form 4, Stock Options, Share Sale, CEO Emeritus, Director