[Form 4] Ainos, Inc. Warrants Insider Trading Activity

Rhea-AI Filing Summary

On 25 June 2025, Taiwan Carbon Nano Technology Corporation (TCNT) – a >10 % beneficial owner of Ainos, Inc. (AIMD) – filed a Form 4 disclosing a single disposition of issuer common stock executed on 23 June 2025.

• Shares involved: 29,476 AIMD common shares were transferred under transaction code “S.” No unit price was reported because the move was part of a share-exchange agreement, not a market sale.
• Post-transaction stake: TCNT continues to own 5,470,524 AIMD shares directly, maintaining its 10 %-plus ownership position.
• Rationale: Footnote (1) explains the shares were exchanged with ASE Test, Inc. for 5,687,109 ordinary shares of Ainos Inc. (Cayman). The filing therefore appears to reflect an internal restructuring rather than a liquidity-driven sell-down.
• Other securities: The filing reports no derivative securities acquired or disposed of, and there are no option exercises.

Given the small size of the exchange relative to TCNT’s remaining holdings and the absence of pricing data, the event is viewed as administrative and non-material for existing shareholders. No strategic shift or insider selling trend is evident.

Insights

Securities Analyst

TL;DR: Small, non-cash insider exchange; negligible impact on AIMD valuation.

The 29.5 K-share swap is <1 % of TCNT’s stake and appears tied to corporate housekeeping between share classes. With holdings still above 5.47 M, the insider remains firmly committed. There is no market-price signal, no derivatives, and no cash proceeds, so I classify the filing as neutral and not valuation-relevant.

Corporate Governance Expert

TL;DR: Transaction reflects internal restructuring, not governance concern.

The share exchange consolidates ownership across Texas and Cayman structures. No change in voting power, board composition, or control rights is disclosed. Procedures follow Rule 10b5-1 with proper Section 16 reporting. From a governance lens, the event is routine and non-impactful.

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

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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).

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^*

Taiwan Carbon Nano Technology Corp

(Last) (First) (Middle)

10F-2, NO. 66, SHENGYI 5TH RD.,

(Street)

ZHUBEI CITY F5 302

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ainos, Inc. [ AIMD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		S		29,476	A	(1)	5,470,524	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. Taiwan Carbon Nano Technology Corporation, the reporting person disposed 29,476 shares of common stock, $0.01 par value (the "Common Stock"), of Ainos, Inc., a Texas corporation (the "Issuer") pursuant to the Share Exchange Agreement that was made and entered into as of June 3, 2025 with ASE Test, Inc., in exchange for 5,687,109 ordinary shares of Ainos Inc., a Cayman Islands company, previously held by ASE Test, Inc.

	Taiwan Carbon Nano Technology Corporation By: /s/ Chun-Hsien Tsai, Chairman, Chief Executive Officer	06/25/2025
	** Signature of Reporting Person	Date
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FAQ

How many Ainos (AIMD) shares did TCNT dispose of in the 23 June 2025 transaction?

29,476 shares were transferred according to the Form 4.

What is TCNT’s remaining ownership in Ainos after the Form 4 transaction?

The reporting person still holds 5,470,524 AIMD common shares directly.

Was the transaction an open-market sale or part of a share-exchange agreement?

Footnote (1) states it was a share-exchange with ASE Test, Inc., not an open-market sale.

Did the Form 4 include any derivative security transactions?

No. Table II shows zero derivative activity during the period.

Does the filing suggest significant insider selling pressure at Ainos?

The small volume and exchange context indicate no ongoing insider sell-off.