Applied Energetics (AERG) CEO Emeritus reports option exercise and stock sale

Rhea-AI Filing Summary

Applied Energetics, Inc. insider activity: CEO Emeritus and director Gregory J. Quarles reported an option exercise and share sale dated 12/22/2025. He exercised 10,000 non-qualified stock options for common stock with a $0.35 exercise price and acquired 10,000 shares. On the same date, he sold 10,000 shares of common stock at a weighted average price of $1.88 per share, leaving 0 shares of common stock directly owned after these transactions.

Following the reported activity, he continues to hold 4,850,000 non-qualified stock options and 1,954,545 restricted stock units, which are subject to vesting and none of which were vested as of this report.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Quarles Gregory James

Role CEO Emeritus

Sold 10,000 shs ($19K)

Approx. gross sale proceeds $19K

Approx. exercise cost $4K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Options	10,000	$0.00	$0.00
Exercise	Common Stock, par value $0.001 per share	10,000	$0.35	$4K
Sale	Common Stock, par value $0.001 per share	10,000	$1.88	$19K
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Non-Qualified Stock Options — 4,850,000 shares (Direct); Common Stock, par value $0.001 per share — 0 shares (Direct); Restricted Stock Units — 1,954,545 shares (Direct)

Footnotes (3)

1. F1. Sale price reflects the weighted average price of multiple trades executed at prices ranging from $1.81 to $1.92, on December 22, 2025. The reporting person undertakes to provide to the SEC staff, upon request, full information regarding the number of shares and prices at which the transaction was effected.
2. F2. Option was issued in exchange for services rendered as an officer and director of the company
3. F3. Restricted Stock Units are subject to vesting, and none of them were vested.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/29/2025 - 04:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Quarles Gregory James

(Last) (First) (Middle)

C/O APPLIED ENERGETICS, INC.

9070 S. RITA ROAD, SUITE 1500

(Street)

TUCSON AZ 85747

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
APPLIED ENERGETICS, INC. [ AERG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO Emeritus

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	12/22/2025		M		10,000	A	$0.35	10,000	D
Common Stock, par value $0.001 per share	12/22/2025		S		10,000	D	$1.88(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Options	$0.35	12/22/2025		M			10,000	11/18/2019	04/18/2029	Common Stock, par value $.001 per share	10,000	(2)	4,850,000	D
Restricted Stock Units	$0							(3)	11/29/2032	Common Stock, par value $.001 per share	1,954,545		1,954,545	D

Explanation of Responses:

1. Sale price reflects the weighted average price of multiple trades executed at prices ranging from $1.81 to $1.92, on December 22, 2025. The reporting person undertakes to provide to the SEC staff, upon request, full information regarding the number of shares and prices at which the transaction was effected.

2. Option was issued in exchange for services rendered as an officer and director of the company

3. Restricted Stock Units are subject to vesting, and none of them were vested.

Remarks:

	/s/Gregory J. Quarles	12/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.