Glen R. Ives - Jan 22, 2025 Form 4 Insider Report for Castellum, Inc. (CTM)

Role: President, Chief Executive Officer
Signature: /s/ Glen R. Ives
Stock symbol: CTM
Transactions as of: Jan 22, 2025
Transactions value $: $535,000
Form type: 4
Date filed: 1/24/2025, 04:00 PM
Previous filing: Jul 3, 2024
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	$535K	+500K		$1.07	500K	Jan 22, 2025	Common Stock	500K	$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. Ives received 500,000 stock options issued pursuant to the Castellum, Inc. Amended 2021 Stock Incentive Plan to purchase 500,000 shares of restricted common stock. 250,000 of the stock options to purchase 250,000 shares of restricted common stock vest ratably over thirty-six months and 250,000 stock options to purchase 250,000 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. Ives received 500,000 stock options issued pursuant to the Castellum, Inc. Amended 2021 Stock Incentive Plan to purchase 500,000 shares of restricted common stock. 250,000 of the stock options to purchase 250,000 shares of restricted common stock vest ratably over thirty-six months and 250,000 stock options to purchase 250,000 shares of restricted common stock begin to vest ratably over thirty-six months upon the Company being awarded a certain government contract.