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  4. [Form 4] Aeries Technology, Inc. Insider Trading Activity

AERT Insider Filing: 240,087 Shares Withheld for Taxes by CTO

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Aeries Technology, Inc. (AERT) Form 4 summary: Chief Technology Officer Unnikrishnan Nambiar reported a transaction dated 03/10/2025 in Class A Ordinary Shares. The filing shows 240,087 shares disposed under transaction code F at a price of $0.564 per share, leaving 414,598 shares beneficially owned by the reporting person as of the reported transaction. The filing explains these shares were withheld by the company to cover tax liability upon settlement of restricted stock units. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/04/2025. All information is taken directly from the Form 4 content.

Positive

  • Transaction disclosed publicly via Form 4 in compliance with Section 16
  • Sale identified as tax withholding for RSU settlement, indicating administrative purpose rather than market trading
  • No derivatives or additional complex transactions reported in this filing

Negative

  • Disposal of 240,087 Class A Ordinary Shares reduced beneficial ownership to 414,598 shares

Insights

TL;DR: Routine tax-withholding sale by an officer; no additional transactions or derivatives reported.

The Form 4 shows a single non-derivative disposition of 240,087 Class A Ordinary Shares at $0.564 each on 03/10/2025 by the company's CTO, reducing his beneficial ownership to 414,598 shares. The filing explicitly states the shares were withheld to cover tax liabilities upon RSU settlement, which is a common administrative action and not an open-market sale. There are no derivative transactions reported. From a financial-data perspective, this is a standard Section 16 disclosure documenting equity withholding for taxes rather than an indicative purchase or strategic disposition.

TL;DR: Disclosure meets Section 16 requirements; transaction labeled as tax withholding rather than discretionary sale.

The filing identifies the reporting person as an officer (Chief Technology Officer) and provides a clear explanation that shares were withheld to satisfy tax obligations tied to RSU settlement. The Form 4 is signed by an attorney-in-fact, consistent with authorized filing practices. There is no evidence in the form of additional transfers, pledges, or derivative positions that would raise governance flags. This disclosure fulfills routine reporting expectations for insider compensation-related equity events.

Insider Nambiar Unnikrishnan
Role Chief Technology Officer
Type Security Shares Price Value
Tax Withholding Class A Ordinary Shares 240,087 $0.564 $135K
Holdings After Transaction: Class A Ordinary Shares — 414,598 shares (Direct)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
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).
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*
Nambiar Unnikrishnan
(Last) (First) (Middle)
C/O AERIES TECHNOLOGY, INC. 60 PAYA
LEBAR ROAD, #08-13 PAYA LEBAR SQUARE
(Street)
SINGAPORE U0 409051
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Aeries Technology, Inc. [ AERT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2025
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
Class A Ordinary Shares 03/10/2025 F 240,087 D $0.564(1) 414,598 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
Explanation of Responses:
1. Represents shares that were withheld by the company to cover tax liability upon settlement of restricted stock units.
Remarks:
Exhibit List: Exhibit 24.1 - Power of Attorney.
/s/ Daniel S. Webb, as attorney-in-fact for Unnikrishnan Nambiar 09/04/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did AERT CTO Unnikrishnan Nambiar report on Form 4?

The filing reports a disposition of 240,087 Class A Ordinary Shares on 03/10/2025 at $0.564 per share, with 414,598 shares beneficially owned following the transaction.

Why were the 240,087 shares disposed of according to the Form 4?

The filing states the shares were withheld by the company to cover tax liability upon settlement of restricted stock units.

Was the Form 4 transaction an open-market sale or a tax withholding?

The Form 4 explicitly classifies the transaction as tax withholding upon RSU settlement, not an open-market sale.

Are there any derivative securities reported for AERT in this Form 4?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

Who signed the Form 4 for the reporting person and when?

The Form 4 was signed by Daniel S. Webb as attorney-in-fact for Unnikrishnan Nambiar on 09/04/2025.