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

Role: 10%+ Owner
Signature: /s/ James Chae
Issuer symbol: VSTD
Transactions as of: 06 Nov 2023
Transactions value $: $195,999,947,935
Form type: 4
Filing time: 02 Oct 2025, 13:07:37 UTC
Previous filing: 15 Sep 2023
Next filing: 19 Dec 2023
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Chae James	10%+ Owner	6940 BEACH BLVD SUITE D-705, BUENA PARK	/s/ James Chae	02 Oct 2025	0001935210

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VSTD	Class A common stock, $0.0001 par value	Sale	-$42.4K	-49.9K	-0.7%	$0.85	7.11M	06 Nov 2023	Direct	F1, F2
transaction	VSTD	Class A common stock, $0.0001 par value	Gift	$0	-1K	-0.15%	$0.00	647K	13 May 2024	Direct	F3, F4
transaction	VSTD	Class A common stock, $0.0001 par value	Gift	$0	-2.5K	-0.39%	$0.00	645K	23 Sep 2024	Direct	F3
transaction	VSTD	Class A common stock, $0.0001 par value	Sale	-$9.65K	-5K	-0.19%	$1.93	2.57M	25 Sep 2025	Direct	F5

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	VSTD	Warrant to Purchase Common Stock	Award	$196B	+280K		$700,000.00	280K	24 Mar 2025	Class A common stock, $0.0001 par value	1.12M	$0.03	Direct	F5, F6, F7

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

Explanation of Responses:

Id	Content
F1	Transfer as compensation for services rendered.
F2	Based on NASDAQ closing price on the transaction date.
F3	Gifts to employees of Issuer for no consideration.
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.
F5	On 07/30/2025, the Issuer effected a 4-for-1 forward stock split. The value reported here reflects that split.
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.
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.