Aware Inc Form 4: CEO Purchases Shares at $2.19–$2.20 Increasing Stake

Rhea-AI Filing Summary

Ajay K. Amlani, President & CEO and director of Aware, Inc. (AWRE), reported two open-market purchases of common stock. On 08/29/2025 he bought 7,000 shares at $2.19, bringing his total direct holdings to 811,873 shares. On 09/02/2025 he purchased an additional 10,679 shares at $2.20, increasing his direct beneficial ownership to 822,552 shares. The Form 4 is individually filed and was signed on 09/02/2025. The filing discloses no derivative transactions or additional explanatory details.

Positive

• Insider buying by the company's President & CEO and director, indicating personal purchase of company shares
• Clear disclosure of transaction dates, prices, and post-transaction beneficial ownership allowing investor verification

Negative

• No explanation provided for the purchases (e.g., strategic rationale or use of a trading plan)
• No information about whether purchases were part of a Rule 10b5-1 plan

Insights

Corporate Governance Expert

TL;DR: Insider purchases by the CEO/director increased direct ownership by 10,679 shares to 822,552 shares.

The transactions are routine open-market purchases reported on Form 4 showing increased insider shareholding by Ajay K. Amlani. Such purchases by a senior executive and director can signal personal conviction in the company but the filing contains no commentary on purpose or volume relative to his total holdings beyond the reported totals. No derivatives or dispositions were reported. The report is individually filed and properly signed.

Securities Analyst

TL;DR: Two small market buys at ~$2.19–$2.20 raised the CEO's direct stake to 822,552 shares.

The purchases occurred at modest prices and quantities relative to reported post-transaction holdings. The Form 4 provides clear transaction dates, prices, and post-transaction share counts, allowing straightforward tracking of insider accumulation. There is no indication of derivative activity or planned trades under Rule 10b5-1 in the disclosed text.

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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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^*

Amlani Ajay K

(Last) (First) (Middle)

76 BLANCHARD ROAD

(Street)

BURLINGTON MA 01803

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AWARE INC /MA/ [ AWRE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		P		7,000	A	$2.19	811,873	D
Common Stock	09/02/2025		P		10,679	A	$2.2	822,552	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:

	/s/ Ajay Amlani	09/02/2025
	** 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 insider transactions did Ajay K. Amlani report for AWRE?

He reported two open-market purchases: 7,000 shares on 08/29/2025 at $2.19 and 10,679 shares on 09/02/2025 at $2.20.

How many AWRE shares does Ajay K. Amlani own after these transactions?

Following the 08/29/2025 purchase he reported 811,873 shares, and after the 09/02/2025 purchase he reported 822,552 shares.

What roles does the reporting person hold at Aware, Inc. (AWRE)?

The Form 4 lists Ajay K. Amlani as President & CEO and a director of Aware, Inc.

Were any derivative securities reported by Ajay K. Amlani in this Form 4?

No. Table II for derivative securities contains no reported transactions or holdings.

When was the Form 4 signed and filed?

The Form 4 is signed by Ajay Amlani on 09/02/2025 and indicates the latest transaction date of 09/02/2025.