AERG CEO sells 10,000 shares at $1.50
APPLIED ENERGETICS, INC.
Rhea-AI Filing Summary
APPLIED ENERGETICS, INC. President & CEO Christopher Wayne Donaghey reported an open-market sale of 10,000 shares of common stock at $1.50 per share, leaving him with 113,592 common shares held directly.
He also continues to hold equity awards, including 100,000 Restricted Stock Units linked to common stock and multiple option grants. These include Incentive Stock Options for 1,000,000 shares at $2.36 per share expiring on July 13, 2032, and Non-Statutory Stock Options for 200,000 shares at $0.61 per share expiring on May 12, 2031, plus additional options and RSUs that vest over time and upon specified revenue milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
6 txns
Insider
Donaghey Christopher Wayne
Role
President & CEO
Sold
10,000 shs ($15K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 10,000 | $1.50 | $15K |
| holding | Incentive Stock Options | -- | -- | -- |
| holding | Non-Statutory Stock Options | -- | -- | -- |
| holding | Non-Statutory Stock Options | -- | -- | -- |
| holding | Incentive Stock Options | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 113,592 shares (Direct);
Incentive Stock Options — 2,000,000 contracts (Direct);
Non-Statutory Stock Options — 350,000 contracts (Direct);
Restricted Stock Units — 100,000 contracts (Direct)
Footnotes (5)
- F1. The options vest upon the achievement of specified revenue milestones as follows: with respect to 170,000 Shares, upon achievement of gross revenues of $10 million; with respect to an additional 330,000 Shares, upon achievement of gross revenues of $25 million; and with respect to the remaining 500,000 Shares, upon achievement of gross revenues of $50 million. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan and expire ten years from the date of grant.
- F2. These options vested in instalments of 37,500 shares on each of 9/29/2019, 4/29/2020, 9/29/2020 and 4/29/2021. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
- F3. These options vested on May 12, 2022. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
- F4. These options vest over four years, in equal annual instalments of 250,000 shares, commencing on July 12, 2023, having currently vested as to 750,000 shares. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
- F5. These RSUs vest in equal annual instalments of 100,000 shares, commencing on July 12, 2023 and have no expiration date or exercise price.
Key Figures
Shares sold: 10,000 shares
Sale price: $1.50 per share
Shares held after sale: 113,592 shares
+5 more
8 metrics
Shares sold
10,000 shares
Open-market sale of common stock at $1.50 per share on June 1, 2026
Sale price
$1.50 per share
Price for 10,000 AERG common shares sold
Shares held after sale
113,592 shares
Direct common stock holdings following the reported transaction
RSU underlying shares
100,000 shares
Restricted Stock Units tied to common stock, vesting annually from July 12, 2023
Incentive Stock Options (1)
1,000,000 shares at $2.36
Exercise price $2.36 per share, expiration July 13, 2032
Non-Statutory Stock Options (1)
200,000 shares at $0.61
Exercise price $0.61 per share, expiration May 12, 2031
Non-Statutory Stock Options (2)
150,000 shares at $0.35
Exercise price $0.35 per share, expiration April 29, 2029
Milestone revenues
$10M / $25M / $50M
Gross revenue targets tied to vesting of 170k, 330k and 500k option shares
Key Terms
Incentive Stock Options, Non-Statutory Stock Options, Restricted Stock Units, gross revenues, +1 more
5 terms
Incentive Stock Options financial
"These options vested in instalments of 37,500 shares on each of 9/29/2019..."
Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.
Non-Statutory Stock Options financial
"Non-Statutory Stock Options with exercise prices of 0.6100 and 0.3500 per share..."
Non-statutory stock options are a type of reward that companies give to employees, allowing them to buy company shares at a set price within a certain period. Unlike formal or government-approved plans, these options are more flexible but may have different tax implications. For investors, they can influence a company's stock price and financial health, making them an important factor to consider.
Restricted Stock Units financial
"These RSUs vest in equal annual instalments of 100,000 shares, commencing on July 12, 2023..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
gross revenues financial
"upon achievement of gross revenues of $10 million; ... $25 million; ... $50 million."
2018 Incentive Stock Plan financial
"issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AERG CEO Christopher Donaghey report in this Form 4?
Christopher Wayne Donaghey reported selling 10,000 shares of Applied Energetics common stock at $1.50 per share. After this open-market transaction, he directly holds 113,592 common shares, alongside substantial unexercised options and restricted stock units tied to company performance.
What stock options does the AERG CEO still hold after this Form 4?
The CEO continues to hold several option grants, including Incentive Stock Options for 1,000,000 shares at $2.36 per share expiring on July 13, 2032, and Non-Statutory Stock Options for 200,000 shares at $0.61 per share expiring on May 12, 2031, among others.
How do the CEO’s AERG options vest according to the filing footnotes?
Some options vest based on revenue milestones: 170,000 shares at $10 million gross revenues, an additional 330,000 at $25 million, and 500,000 at $50 million. Other grants vest in scheduled installments under the 2018 Incentive Stock Plan.
What restricted stock units (RSUs) does the AERG CEO hold?
The CEO holds 100,000 RSUs tied to Applied Energetics common stock. Footnotes state these RSUs vest in equal annual installments of 100,000 shares, beginning on July 12, 2023, and they have no expiration date or exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
