Christopher Donaghey - Nov 26, 2024 Form 4 Insider Report for APPLIED ENERGETICS, INC. (AERG)

Role
President & CEO/Principal AO
Signature
/s/ Christopher Donaghey
Stock symbol
AERG
Transactions as of
Nov 26, 2024
Transactions value $
$0
Form type
4
Date filed
12/5/2024, 04:24 PM
Previous filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AERG Common Stock, par value $0.001 per share 161K Nov 26, 2024 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 Incentive Stock Options Award +1M 1M Nov 26, 2024 Common Stock, par value $.001 per share 1M $0.78 Direct F1
holding AERG Non-Statutory Stock Options 150K Nov 26, 2024 Common Stock, par value $.001 per share 150K $0.35 Direct F2
holding AERG Non-Statutory Stock Options 200K Nov 26, 2024 Common Stock, par value $.001 per share 200K $0.61 Direct F3
holding AERG Incentive Stock Options 1M Nov 26, 2024 Common Stock, par value $.001 per share 1M $2.36 Direct F4
holding AERG Restricted Stock Units 200K Nov 26, 2024 Common Stock, par value $.001 per share 200K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest upon the achievement of specified revenue milestones as follows: with respect to 170,000 Shares, upon achievement of gross revenues of $10 million; with respect to an additional 330,000 Shares, upon achievement of gross revenues of $25 million; and with respect to the remaining 500,000 Shares, upon achievement of gross revenues of $50 million. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan and expire ten years from the date of grant.
F2 These options vested in instalments of 37,500 shares on each of 9/29/2019, 4/29/2020, 9/29/2020 and 4/29/2021. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
F3 These options vested on May 12, 2022. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
F4 These options vest over four years, in equal annual instalments of 250,000 shares, commencing on July 12, 2023, having currently vested as to 500,000 shares. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
F5 These RSUs vest in equal annual instalments of 100,000 shares, commencing on July 12, 2023 and have no expiration date or exercise price.