Ingalls & Snyder reports 17.23M AERG shares (NYSE: AERG)

Rhea-AI Filing Summary

Applied Energetics, Inc. reported that Ingalls & Snyder LLC beneficially owns 17,230,596 shares of common stock, representing 7.7% of the class as of 12/31/2025. The filing states these shares are held with shared dispositive power and include accounts managed under investment advisory contracts.

Insights

Institutional Ownership Analyst

Large advisory position reported: 17,230,596 shares (7.7%).

Ingalls & Snyder LLC reports beneficial ownership of 7.7% of Applied Energetics' common stock, totaling 17,230,596 shares as of 12/31/2025. The position is held with shared dispositive power and arises from advisory accounts.

Holder activity will depend on client decisions; subsequent filings may disclose changes in voting or dispositive arrangements.

Securities Compliance Counsel

Schedule 13G indicates passive/investment-advisory reporting rather than activist intent.

The filing identifies Ingalls & Snyder as a registered broker-dealer and investment adviser, stating shares include accounts managed under investment advisory contracts. The filing language aligns with beneficial ownership reporting obligations for investment advisers.

Monitor future amendments for any change in status or voting power.

Key Figures

Beneficial ownership: 17,230,596 shares Percent of class: 7.7% Shared dispositive power: 17,230,596 shares +1 more

4 metrics

Beneficial ownership 17,230,596 shares reported as beneficially owned

Percent of class 7.7% ownership percentage as of 12/31/2025

Shared dispositive power 17,230,596 shares number of shares with shared dispositive power

CUSIP 03819M106 Applied Energetics common stock CUSIP

Key Terms

Schedule 13G, Beneficially owned, Shared dispositive power

3 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: APPLIED ENERGETICS, INC."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4. (a) Amount beneficially owned: 17,230,596"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared dispositive power regulatory

"(iv) Shared power to dispose or to direct the disposition of: 17,230,596"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

APPLIED ENERGETICS, INC.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

03819M106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 03819M106

1

Names of Reporting Persons

INGALLS & SNYDER LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,230,596.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,230,596.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.7 %

12

Type of Reporting Person (See Instructions)

BD, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: APPLIED ENERGETICS, INC.
(b)	Address of issuer's principal executive offices: 9070 S. RITA ROAD, SUITE 1500, TUCSON, ARIZONA, 85747
Item 2.
(a)	Name of person filing: INGALLS & SNYDER LLC
(b)	Address or principal business office or, if none, residence: 1 ROCKEFELLER PLAZA, NEW YORK, NY 10020
(c)	Citizenship: NEW YORK
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP Number(s): 03819M106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 17,230,596
(b)	Percent of class: 7.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 17,230,596
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Ingalls & Snyder, LLC ("I&S") is a registered broker dealer and a registered investment advisor. Shares reported under shared dispositive power include shares held in accounts managed under investment advisory contracts.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

INGALLS & SNYDER LLC

Signature:	THOMAS O BOUCHER, JR
Name/Title:	MANAGING DIRECTOR
Date:	04/23/2026

FAQ

What stake does Ingalls & Snyder LLC report in AERG?

Ingalls & Snyder LLC reports beneficial ownership of 17,230,596 shares, equal to 7.7% of Applied Energetics' common stock as of 12/31/2025. The shares are held with shared dispositive power across managed accounts.

Does the Schedule 13G filing say Ingalls & Snyder controls the shares' votes?

No. The filing reports 0 sole voting power and 0 shared voting power, while it reports 17,230,596 shared dispositive power. Voting and dispositive authorities are disclosed separately in the filing's ownership table.

Are the shares reported by Ingalls & Snyder held for clients or the firm?

The filing states Ingalls & Snyder is a registered broker-dealer and investment adviser and that reported shares include those held in accounts managed under investment advisory contracts, indicating ownership on behalf of clients rather than proprietary firm holdings.

What does the 7.7% figure mean for AERG shareholder registers?

The 7.7% represents the percentage of outstanding common stock beneficially owned by Ingalls & Snyder as reported. It is a snapshot of reported holdings and does not itself change share counts or rights; future amendments will show any changes.

Will this Schedule 13G change if Ingalls & Snyder starts trading more actively?

Yes. If the holder's intent, voting power, or ownership level changes materially, subsequent amendments or a different form would be required. The filing notes the current status relates to managed advisory accounts; future filings would disclose any status change.