Applied Energetics Director Reports Option Exercise and Sale; Large Indirect Holdings Disclosed

Rhea-AI Filing Summary

Bradford T. Adamczyk, a director of Applied Energetics, Inc. (AERG / AERGP), reported transactions on 09/19/2025 in Form 4. He exercised 10,000 options at an exercise price of $0.07 (code M) and contemporaneously sold 10,000 shares at $1.50 (code S). After these transactions Mr. Adamczyk directly beneficially owns 671,482 shares and indirectly holds 1,563,599 shares through Moriah Stone Global L.P.; additional reported options total 1,350,000 (direct) and 3,500,000 (indirect). Some options were issued for services and 500,000 options are held in a family LLC he controls.

Positive

• Exercise and sale disclosed for 10,000 option shares with clear prices ($0.07 exercise, $1.50 sale)
• Significant indirect ownership
• Options origin noted: 1,350,000 direct options issued for services are identified, improving transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Director exercised options and sold a small block the same day; large indirect holdings remain.

These transactions show a routine exercise-and-sell of 10,000 option shares at a $0.07 strike with a simultaneous sale at $1.50. The size of the traded block is small relative to his total direct and indirect holdings, so market impact is likely limited. The filing discloses substantial indirect ownership via Moriah Stone Global L.P., which is material to understanding his alignment with shareholders. Options issued for services and family LLC holdings are properly disclosed, with no indication of other company-specific events in this Form 4.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported transactions and ownership structure; no governance red flags in the filing.

The Form 4 reports both acquisition (exercise) and disposition (sale) of the same number of shares on the same date and discloses indirect beneficial ownership and the use of a family LLC. Footnotes explain option origins and control relationships, meeting typical Section 16 transparency expectations. There is no indication of undisclosed related-party transfers or anomalous timing within this filing alone.

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

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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^*

Adamczyk Bradford Thomas

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	09/19/2025		M		10,000	A	$0.07	681,482	D
Common Stock, par value $0.001 per share	09/19/2025		S		10,000	D	$1.5	671,482	D
Common Stock, par value $0.001 per share								1,563,599	I	See Footnote(1)

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	$0.07	09/19/2025		M			10,000	02/12/2020	11/12/2028	Common Stock, par value $.001 per share	10,000	(2)	1,350,000	D
Non-Qualified Stock Options	$0.07							02/12/2020	11/12/2028	Common Stock, par value $.001 per share	(3)		3,500,000	I	See Footnote(4)

Explanation of Responses:

1. Held by Moriah Stone Global L.P. of which Mr. Adamczyk is controlling partner.

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

3. 3,500,000 shares of Common Stock underlie these options and were not affected by the transactions reported in this Form 4.

4. 500,000 of Mr. Adamczyk's options are held in the name of Adamczyk Family 2021 LLC, a family limited liability company which he controls. None of these options were exercised.

	/s/ Bradford T. Adamczyk	09/23/2025
	** 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.
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FAQ

What transactions did Bradford T. Adamczyk report on Form 4 for AERGP?

He exercised 10,000 options at $0.07 and sold 10,000 shares at $1.50 on 09/19/2025.

How many AERGP shares does Adamczyk beneficially own after the reported transactions?

He directly beneficially owns 671,482 shares and indirectly holds 1,563,599 shares via Moriah Stone Global L.P.

Are there outstanding options reported for Adamczyk in the filing?

Yes. The filing shows 1,350,000 direct options and 3,500,000 shares underlying options held indirectly; 500,000 of his options are held in Adamczyk Family 2021 LLC.

Did the Form 4 disclose the reason for any options?

Footnotes state some options were issued in exchange for services rendered as an officer and director.

Does the filing indicate any change to control or 10% ownership?

No. The filing marks the reporting person as a Director and does not indicate a 10% owner status or a change in control.