[Form 4] Aware Inc Insider Trading Activity

Rhea-AI Filing Summary

Insider transaction disclosure: Aware Inc. (AWRE) director Gary Evee filed a Form 4 reporting the acquisition of 23,490 shares of common stock on 07/01/2025. The transaction is coded “M,” denoting the exercise or conversion of a derivative security under SEC rules, and carries an exercise price of $0. After the transaction, Evee’s direct beneficial ownership increases to 99,557 shares. No dispositions, sales, or additional derivative securities were reported, and no price was paid in open-market transactions.

Insights

Financial Analyst

TL;DR: Small option exercise; insider retains shares—signal neutral, limited market impact.

The filing shows Director Gary Evee converting a derivative position into 23,490 common shares, increasing his stake to 99,557 shares. The “M” code indicates this is an option or similar award conversion rather than an open-market buy, so no cash outlay occurred. While retention of the shares (no simultaneous sale) can be viewed as modestly aligned with shareholder interests, the magnitude is relatively small and the company did not disclose any related strategic developments. Consequently, the event is unlikely to materially affect AWRE’s valuation or trading dynamics.

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

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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^*

Evee Gary

(Last) (First) (Middle)

C/O AWARE, INC.

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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	07/01/2025		M		23,490	A	$0	99,557	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/ Gary Evee	07/02/2025
	** 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

How many Aware Inc. (AWRE) shares did Gary Evee acquire?

The Form 4 shows an acquisition of 23,490 common shares.

What transaction code was used in the AWRE Form 4 filing?

The filing lists transaction code “M”, indicating an exercise or conversion of a derivative security.

What is Gary Evee’s total shareholding after the reported transaction?

Following the transaction, Evee directly owns 99,557 AWRE shares.

Did the insider sell any shares in this Form 4?

No. The filing only reports an acquisition; no shares were sold.

Was any cash paid for the shares acquired?

No cash price is listed; the shares were acquired at $0 exercise price.