Applied Energetics CSO Sells 10,000 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Insider sale by Applied Energetics Chief Science Officer. Stephen W. McCahon reported selling 10,000 shares of common stock on 09/19/2025 at $1.50 per share, leaving him with 12,812,861 shares beneficially owned. The filing indicates the sale was made pursuant to a Rule 10b5-1 trading plan. McCahon also directly holds 1,585,000 warrants exercisable into common stock through 05/24/2029.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating the sale was pre-planned and not opportunistic
• Reporting person retains a large beneficial ownership of 12,812,861 shares, aligning interests with shareholders
• Significant warrant holdings remain: 1,585,000 warrants exercisable into common stock through 05/24/2029

Negative

• Insider sold 10,000 shares, reducing direct holdings at a price of $1.50 per share
• Sale may be perceived negatively by some investors despite 10b5-1 designation, though no material impact is evident from the filing alone

Insights

Securities Analyst

TL;DR: Routine insider sale under a 10b5-1 plan; small relative to total holdings, neutral for shareholders.

The report documents a planned sale of 10,000 shares at $1.50 each executed on 09/19/2025 and flagged as pursuant to a Rule 10b5-1 plan, indicating pre-arranged trading rather than opportunistic timing. The reporting person retains a large beneficial stake of 12,812,861 shares and holds 1,585,000 warrants expiring 05/24/2029, suggesting continued alignment with shareholders. This disclosure appears routine and does not by itself indicate material corporate developments.

Corporate Governance Expert

TL;DR: 10b5-1 designation reduces concerns about insider timing; transaction size is modest versus total holdings.

By checking the 10b5-1 box, the reporting person signals the sale followed a pre-established plan, which improves governance transparency. The reduction of 10,000 shares from a base of over 12.8 million is immaterial in percentage terms and the continued holdings and outstanding warrants imply ongoing exposure to company performance. No amendments or other irregularities are noted.

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^*

MCCAHON STEPHEN WILLIAM

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Science Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

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		S		10,000	D	$1.5	12,812,861	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
Common Stock Purchase Warrants	$0.06							05/24/2019	05/24/2029	Common Stock, par value $.001 per share	1,585,000		1,585,000	D

Explanation of Responses:

	/s/ Stephen W. McCahon	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.
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.

FAQ

What shares did Stephen W. McCahon sell in the AERGP Form 4?

He sold 10,000 shares of common stock on 09/19/2025 at $1.50 per share.

Was the AERGP insider sale made under a 10b5-1 trading plan?

Yes, the filing indicates the transaction was made pursuant to a Rule 10b5-1 plan.

How many AERGP shares does the reporting person own after the sale?

Following the reported transaction, he beneficially owns 12,812,861 shares.

Does the Form 4 disclose any derivative holdings for AERGP?

Yes, it reports 1,585,000 warrants exercisable into common stock with an expiration date of 05/24/2029.

When was the Form 4 signed and filed?

The signature on the Form 4 is dated 09/23/2025.