Gregory J. Quarles - Oct 27, 2023 Form 4 Insider Report for APPLIED ENERGETICS, INC. (AERG)

Signature
/s/ Gregory J. Quarles
Stock symbol
AERG
Transactions as of
Oct 27, 2023
Transactions value $
-$20,200
Form type
4
Date filed
10/31/2023, 04:09 PM
Previous filing
Oct 4, 2023
Next filing
Dec 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AERG Common Stock, par value $0.001 per share Options Exercise $2.31K +6.6K $0.35* 6.6K Oct 27, 2023 Direct
transaction AERG Common Stock, par value $0.001 per share Sale -$15.6K -6.6K -100% $2.37 0 Oct 27, 2023 Direct
transaction AERG Common Stock, par value $0.001 per share Options Exercise $1.19K +3.4K $0.35* 3.4K Oct 31, 2023 Direct
transaction AERG Common Stock, par value $0.001 per share Sale -$8.06K -3.4K -100% $2.37 0 Oct 31, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AERG Non-Qualified Stock Options Options Exercise -6.6K -0.13% 4.98M Oct 27, 2023 Common Stock, par value $.001 per share 6.6K $0.35 Direct F1
transaction AERG Non-Qualified Stock Options Options Exercise -3.4K -0.07% 4.98M Oct 31, 2023 Common Stock, par value $.001 per share 3.4K $0.35 Direct F1
holding AERG Restricted Stock Units 1.95M Oct 27, 2023 Common Stock, par value $.001 per share $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Options were issued in exchange for services rendered as an officer and director of the company.
F2 Restricted Stock Units are subject to vesting, and none of them were exercised.