Form 4: Applied Energetics Executive Chairman Adamczyk Exercises and Sells Shares Under 10b5-1 Plan

Bradford Thomas Adamczyk, Executive Chairman of Applied Energetics, exercised stock options and sold 10,000 shares of common stock on June 17, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 17, 2024, Bradford Thomas Adamczyk, the Executive Chairman of Applied Energetics, exercised 10,000 non-qualified stock options at a price of $0.07 per share.
• Simultaneously, Adamczyk sold 10,000 shares of common stock at a weighted average price of $1.738 per share, with prices ranging from $1.72 to $1.83.
• These transactions were executed under a 10b5-1 trading plan adopted by Adamczyk on June 16, 2024.
• Following these transactions, Adamczyk directly owns 671,482 shares of common stock.
• Adamczyk also indirectly owns 1,563,599 shares through Moriah Stone Global L.P., where he is the controlling partner.
• Additionally, he indirectly holds options for 3,500,000 shares through Adamczyk Family 2021 LLC, a family limited liability company he controls; none of these options were exercised.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock transactions by an executive under a pre-arranged plan. It doesn't inherently indicate positive or negative prospects for the company.

Industry Context

Executive stock transactions are common and closely monitored by investors as they can provide insights into management's perspective on the company's value and future prospects. The use of a 10b5-1 plan suggests the transactions were pre-planned to avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests it was pre-planned and not based on new information.

Key Dates