Form 4: Applied Energetics CEO Gregory Quarles Executes Stock Option and Sells Shares Under 10b5-1 Plan

Gregory Quarles, President and CEO of Applied Energetics, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• On June 21, 2024, Gregory James Quarles, the President and CEO of Applied Energetics, Inc., executed a transaction involving the company's stock.
• Quarles exercised non-qualified stock options to acquire 9,500 shares of common stock at a price of $0.35 per share.
• Simultaneously, Quarles sold 9,500 shares of common stock at a weighted average price of $1.72 per share, with prices ranging from $1.67 to $1.74.
• These sales were conducted under a 10b5-1 trading plan adopted on June 15, 2024.
• Following these transactions, Quarles directly owns 0 shares of common stock.
• He also holds 4,910,000 non-qualified stock options and 1,954,545 restricted stock units, none of which are vested.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of insider trading activity. The 10b5-1 plan suggests pre-planned transactions.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock; this provides transparency to the market.

Stakeholder Impact

• Shareholders may be interested in insider trading activity as it can provide insights into management's view of the company's prospects.

Key Dates