Aeries (AERT) Form 4: CEO Disposes 810,003 Shares via Tax Withholding

Rhea-AI Filing Summary

Aeries Technology, Inc. (AERT) director and Chief Executive Officer Bhisham Khare reported a disposition of Class A ordinary shares on 03/10/2025. The Form 4 shows 810,003 shares were disposed at an indicated price of $0.564 per share. The filing states these shares were withheld by the company to cover tax liability upon settlement of restricted stock units. After the transaction, Mr. Khare beneficially owned 1,656,256 Class A shares as reported on the form. The Form 4 was signed by an attorney-in-fact, Daniel S. Webb, on 09/04/2025. The reporting person’s address is shown in Singapore.

Positive

• Disclosure clarity: The Form 4 explicitly states the shares were withheld to cover tax liability on RSU settlement.
• Compliance: Filing identifies the reporting person as Director and CEO and includes an attorney-in-fact signature and exhibit list (Power of Attorney).

Negative

• Large disposition size: 810,003 shares were disposed, which materially reduces the insider's reported holdings.
• Delay between transaction and signature dates: Transaction dated 03/10/2025 but signature dated 09/04/2025, which could raise timing questions for some investors.

Insights

Securities Analyst

TL;DR: Director/CEO reported a substantial share disposition via tax-withholding on settled RSUs; ownership remains material at 1.66M shares.

The reported disposal of 810,003 Class A shares was coded as a transaction to satisfy tax obligations on settled restricted stock units rather than an open-market sale, per the explanation provided. This means the transaction is routine from a compensation-tax perspective and not necessarily an active decision to liquidate equity holdings. The post-transaction beneficial ownership of 1,656,256 shares remains significant relative to the insider’s prior holding disclosed here. For investors, the key facts are the size of the withheld amount and that the filing identifies the transaction code and explicit tax-withholding purpose, limiting interpretation to a compensation-related disposition rather than a signal of changed conviction.

Corporate Governance Expert

TL;DR: Transaction appears administrative (tax withholding on RSUs); disclosure follows Section 16 requirements and is properly executed via power of attorney.

The Form 4 indicates compliance with reporting obligations: the relationship to the issuer is clearly marked (Director and CEO) and the explanation specifies shares withheld to cover tax liability upon RSU settlement. The form lists filing by one reporting person and includes an attorney-in-fact signature, aligning with standard governance practices when insiders use designated agents for filings. From a governance perspective, the filing documents a routine compensation-related disposition with transparent explanation, reducing concerns about undisclosed motivations.

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
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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^*

Khare Bhisham

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		810,003	D	$0.564(1)	1,656,256	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 Bhisham Khare	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.

FAQ

What transaction did Bhisham Khare report on Form 4 for AERT?

He reported a disposition of 810,003 Class A ordinary shares on 03/10/2025 at an indicated price of $0.564, recorded as tax-withholding on settled RSUs.

Why were the shares disposed according to the filing?

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

How many AERT shares does Bhisham Khare beneficially own after the transaction?

1,656,256 Class A shares are reported as beneficially owned following the reported transaction.

Who signed the Form 4 filing for Bhisham Khare?

Daniel S. Webb signed as attorney-in-fact for Bhisham Khare, with the signature dated 09/04/2025.

What relationship does the reporting person have to Aeries Technology?

Bhisham Khare is listed as a Director and the Chief Executive Officer of Aeries Technology, Inc.