Cassie Jung - Oct 15, 2025 Form 4 Insider Report for Aquestive Therapeutics, Inc. (AQST)

Signature
/s/ Lori Braender, as Attorney-In-Fact
Stock symbol
AQST
Transactions as of
Oct 15, 2025
Transactions value $
-$396,133
Form type
4
Date filed
10/17/2025, 02:01 PM
Previous filing
Sep 8, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Jung Cassie Chief Operating Officer C/O AQUESTIVE THERAPEUTICS, INC., 30 TECHNOLOGY DRIVE, WARREN /s/ Lori Braender, as Attorney-In-Fact 2025-10-16 0001960154

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AQST Common Stock Options Exercise $77.6K +25K +8.82% $3.10 308K Oct 15, 2025 Direct F1
transaction AQST Common Stock Sale -$474K -67.6K -21.92% $7.01 241K Oct 15, 2025 Direct F2
holding AQST Common Stock 2K Oct 15, 2025 by spouse

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 AQST Non-Qualified Stock Option (right to buy) Options Exercise $0 -25K -100% $0.00 0 Oct 15, 2025 Common Stock 25K $3.10 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Cassie Jung is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 This is a scheduled exercise from 10b5-1 trading plan. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan previously adopted by the reporting person in this Form 4.
F3 This option was granted on June 10, 2021 and is fully vested.