Form 4: Applied Energetics CEO Gregory Quarles Executes Stock Options and Sells Shares

Gregory James Quarles, President and CEO of Applied Energetics, exercised stock options and sold shares of common stock on May 21 and May 22, 2024, according to a Form 4 filing with the SEC.

Summary

• Gregory James Quarles, the President and CEO of Applied Energetics, Inc. (AERG), filed a Form 4 with the SEC.
• On May 21, 2024, Quarles exercised options to acquire 9,500 shares of common stock at a price of $0.35 per share and sold the same amount of shares at a weighted average price of $1.89 per share.
• On May 22, 2024, Quarles exercised options to acquire 500 shares of common stock at a price of $0.35 per share and sold the same amount of shares at a weighted average price of $1.90 per share.
• The sales were executed pursuant to a 10b5-1 plan adopted on June 15, 2023.
• Following these transactions, Quarles continues to hold 4,920,000 non-qualified stock options and 1,954,545 restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. The CEO is exercising options and selling shares, which could be interpreted in various ways, but without further context, it's a routine disclosure.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• Shareholders may react to the CEO's stock sales, depending on their interpretation of the reasons behind the transactions.
• The transactions themselves have a limited impact on the company's operations or financial condition.

Key Dates