James Chae - 06 Nov 2023 Form 4 Insider Report for Vestand Inc. (VSTD)

Reporting relationship: 10%+ Owner
Issuer ticker: VSTD
Reported as of: 06 Nov 2023
Net transaction value: -$52,065
SEC form: 4
Accepted by SEC: 02 Oct 2025, 13:07:37 UTC
Prior SEC filing: 15 Sep 2023
Next SEC filing: 19 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ James Chae

Filing notes and source

Key filing fact

James Chae filed Form 4 for Vestand Inc. (VSTD) on 02 Oct 2025.

Key facts

This page summarizes James Chae's Form 4 filing for Vestand Inc. (VSTD).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 Oct 2025, 13:07.

Change

Previous filing in this sequence was filed on 15 Sep 2023.
Current net transaction value: -$52,065.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001935210 Primary reporting owner

Chae James

Relationship: 10%+ Owner
Address: 6940 BEACH BLVD SUITE D-705, BUENA PARK
Signature: /s/ James Chae
Signature date: 02 Oct 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VSTD transaction

Class A common stock, $0.0001 par value

Sale

Transaction value: -$42,415
Shares: -49,900
Change %: -0.7%
Price: $0.8500
Shares after: 7,111,000
Date: 06 Nov 2023
Ownership: Direct
Footnotes: F1, F2

VSTD transaction

Class A common stock, $0.0001 par value

Gift

Transaction value
Shares: -1,000
Change %: -0.15%
Price: $0.000000^*
Shares after: 647,100
Date: 13 May 2024
Ownership: Direct
Footnotes: F3, F4

VSTD transaction

Class A common stock, $0.0001 par value

Gift

Transaction value
Shares: -2,500
Change %: -0.39%
Price: $0.000000^*
Shares after: 644,600
Date: 23 Sep 2024
Ownership: Direct
Footnotes: F3

VSTD transaction

Class A common stock, $0.0001 par value

Sale

Transaction value: -$9,650
Shares: -5,000
Change %: -0.19%
Price: $1.93
Shares after: 2,573,400
Date: 25 Sep 2025
Ownership: Direct
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VSTD transaction Derivative

Warrant to Purchase Common Stock

Award

Transaction value
Shares: +280,000
Change %
Price: $700000.00^*
Shares after: 280,000
Date: 24 Mar 2025
Ownership: Direct
Underlying class: Class A common stock, $0.0001 par value
Underlying amount: 1,120,000
Exercise price: $0.0250
Footnotes: F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Transfer as compensation for services rendered.

Footnote F2

Based on NASDAQ closing price on the transaction date.

Footnote F3

Gifts to employees of Issuer for no consideration.

Footnote F4

On 11/27/2023, the Issuer effected a 1-for-10 reverse stock split. The ownership figure reported here reflects that split, as well as the disposition by the Reporting Person of 63,000 shares, as reported on the Form 4 filed by the Reporting Person on 12/19/2023.

Footnote F5

On 07/30/2025, the Issuer effected a 4-for-1 forward stock split. The value reported here reflects that split.

Footnote F6

On 03/24/2025, the Reporting Person acquired a warrant to purchase 280,000 shares of Class A common stock, with an exercise price of $0.01 per share and subject to a Beneficial Ownership Limitation (as defined therein) of 4.99%, in exchange for the cancellation of indebtedness of $700,000 owed by the Issuer to the Reporting Person. The Reporting Person served as a director of the Issuer until August 6, 2025.

Footnote F7

Due to the Beneficial Ownership Limitation and the Reporting Person's current ownership of Class A common stock, none of the Warrant is currently exercisable by the Reporting Person.