Andrew Merriman - 22 Jan 2025 Form 4 Insider Report for Castellum, Inc. (CTM)

Role: Chief Operating Officer
Signature: /s/ Andrew Merriman
Issuer symbol: CTM
Transactions as of: 22 Jan 2025
Net transactions value: +$347,750
Form type: 4
Filing time: 24 Jan 2025, 16:02:02 UTC
Previous filing: 04 Sep 2024
Next filing: 13 Nov 2025
SEC: View on sec.gov

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	CTM	Stock Options	Award	$347,750	+325,000		$1.07	325,000	22 Jan 2025	Common Stock	325,000	$1.07	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	(1) In connection with his continued employment, on January 22, 2025 Mr. Merriman received 325,000 stock options issued pursuant to the Castellum, Inc. Amended 2021 Stock Incentive Plan to purchase 325,000 shares of restricted common stock. 162,500 of the stock options to purchase 162,500 shares of restricted common stock vest ratably over thirty-six months and 162,500 stock options to purchase 162,500 shares of restricted common stock begin to vest ratably over thirty-six months upon the Company being awarded a certain government contract.

Content

(1) In connection with his continued employment, on January 22, 2025 Mr. Merriman received 325,000 stock options issued pursuant to the Castellum, Inc. Amended 2021 Stock Incentive Plan to purchase 325,000 shares of restricted common stock. 162,500 of the stock options to purchase 162,500 shares of restricted common stock vest ratably over thirty-six months and 162,500 stock options to purchase 162,500 shares of restricted common stock begin to vest ratably over thirty-six months upon the Company being awarded a certain government contract.