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

Role
Executive Chairman, Director
Signature
/s/ Bradford T. Adamczyk
Issuer symbol
AERG
Transactions as of
15 Sep 2023
Net transactions value
-$22,600
Form type
4
Filing time
19 Sep 2023, 17:57:48 UTC
Next filing
30 Oct 2023
SEC
View on sec.gov

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 +10,000 +1.5% $0.0700* 681,482 15 Sep 2023 Direct
transaction AERG Common Stock, par value $0.001 per share Sale $23,300 -10,000 -1.5% $2.33 671,482 15 Sep 2023 Direct F1
holding AERG Common Stock, par value $0.001 per share 1,563,599 15 Sep 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 -10,000 -0.67% 1,490,000 15 Sep 2023 Common Stock, par value $.001 per share 10,000 $0.0700 Direct F3
holding AERG Non-Qualified Stock Options 3,500,000 15 Sep 2023 Common Stock, par value $.001 per share $0.0700 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 $2.38. 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.
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.