Bradford T. Adamczyk - Nov 15, 2023 Form 4 Insider Report for APPLIED ENERGETICS, INC. (AERG)

Role
Executive Chairman, Director
Signature
/s/ Bradford T. Adamczyk
Stock symbol
AERG
Transactions as of
Nov 15, 2023
Transactions value $
-$22,463
Form type
4
Date filed
11/17/2023, 02:10 PM
Previous filing
Oct 30, 2023
Next filing
Dec 19, 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 $700 +10K +1.49% $0.07* 681K Nov 15, 2023 Direct
transaction AERG Common Stock, par value $0.001 per share Sale -$23.2K -10K -1.47% $2.32 671K Nov 15, 2023 Direct F1
holding AERG Common Stock, par value $0.001 per share 1.56M Nov 15, 2023 See Footnote F2

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 -10K -0.68% 1.47M Nov 15, 2023 Common Stock, par value $.001 per share 10K $0.07 Direct F3
holding AERG Non-Qualified Stock Options 3.5M Nov 15, 2023 Common Stock, par value $.001 per share $0.07 See Footnote F4
* 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 Reflects the weighted average price of multiple trades executed at prices ranging from $2.30 to $2.36. The reporting person undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transaction was effected. Such shares were sold pursuant to a 10b-5 Plan which was adopted by Mr. Adamczyk on June 15, 2023.
F2 Held by Moriah Stone Global L.P. of which Mr. Adamczyk is controlling partner.
F3 Options were issued in exchange for services rendered as an officer and director of the company.
F4 3,500,000 of Mr. Adamczyk's options are held in the name of Adamczyk Family 2021 LLC, a family limited liability company which he controls. None of these options were exercised.