Castellum (CTM) GC/Director sells at $1.18 and $1.165; Form 4

Castellum, Inc. (CTM) insider Form 4: A reporting person who is a Director, 10% Owner, and Officer (General Counsel, Secretary; EVP - Strategy) reported open‑market sales of common stock.

Rhea-AI Filing Summary

Castellum, Inc. (CTM) insider Form 4: A reporting person who is a Director, 10% Owner, and Officer (General Counsel, Secretary; EVP - Strategy) reported open‑market sales of common stock. The transactions were 60,000 shares on 11/11/2025 at $1.18 and 160,000 shares on 11/13/2025 at $1.165. Following these sales, the insider directly beneficially owns 7,523,973 shares.

Insights

Insider transactions & governance analyst

Routine insider sales disclosed; ownership remains substantial.

The filing lists two open‑market sales at $1.18 and $1.165 on 11/11/2025 and 11/13/2025. After these trades, direct beneficial ownership stands at 7,523,973 shares, indicating the insider retains a large position.

The reporting person is a Director, 10% Owner, and Officer, which makes these disclosures material from a transparency standpoint. The document does not state any special conditions beyond standard reporting mechanics.

Actual market impact depends on trading volume and investor interpretation of insider activity. Subsequent filings may provide additional context on future transactions or changes in ownership.

Insider Trade Summary

Net Seller: 220,000 shares

Net Sell 2 txns

Insider WRIGHT JAY O

Role General Counsel, Secretary

Sold 220,000 shs ($257K)

Type	Security	Shares	Price	Value
Sale	Common Stock	160,000	$1.165	$186K
Sale	Common Stock	60,000	$1.18	$71K

Holdings After Transaction: Common Stock — 7,523,973 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Castellum (CTM) disclose in this Form 4?

Open‑market sales of common stock by a reporting person who is a Director, 10% Owner, and Officer.

How many CTM shares were sold and at what prices?

60,000 shares at $1.18 on 11/11/2025 and 160,000 shares at $1.165 on 11/13/2025.

How many CTM shares does the insider own after the transactions?

Direct beneficial ownership is 7,523,973 shares after the reported sales.

What is the insider’s relationship to Castellum (CTM)?

The insider is a Director, 10% Owner, and Officer (General Counsel, Secretary; EVP - Strategy).

Was the ownership reported as direct or indirect?

The reported ownership is Direct (D).

How many reporting persons filed this CTM Form 4?

It was filed by one reporting person.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 11/13/2025 - 05:04 PM Learn about SEC filing dates

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^*

WRIGHT JAY O

(Last) (First) (Middle)

1934 OLD GALLOWS ROAD

SUITE 350

(Street)

VIENNA VA 22182

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Castellum, Inc. [ CTM ]

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

X	Director	X	10% Owner
X	Officer (give title below)	X	Other (specify below)
	General Counsel, Secretary		EVP - Strategy

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

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	11/11/2025		S		60,000	D	$1.18	7,683,973	D
Common Stock	11/13/2025		S		160,000	D	$1.165	7,523,973	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:

Remarks:

	/s/ Jay O. Wright	11/13/2025
	** 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.