CTM Form 4: Jay O. Wright reports two sales totaling 85,000 shares

Rhea-AI Filing Summary

Castellum, Inc. director and 10% owner Jay O. Wright reported two open-market dispositions of Common Stock in a Form 4. He sold 45,000 shares on 08/22/2025 and 40,000 shares on 08/26/2025 at a reported price of $1.04 per share, reducing his beneficial ownership to 8,587,673 shares after the second sale. The filing is signed and dated 08/26/2025.

Positive

• Timely, complete disclosure with signature and dates provided, satisfying Section 16 reporting requirements
• Significant remaining ownership after the sales (8,587,673 shares) indicates continued substantial stake

Negative

• Insider dispositions totaling 85,000 shares (45,000 on 08/22/2025 and 40,000 on 08/26/2025) at $1.04 per share

Insights

Securities Analyst

TL;DR: A major insider sold 85,000 shares in two transactions at $1.04, leaving substantial remaining ownership.

These are straightforward Section 16 disclosures showing routine open-market sales by a director who is also a significant shareholder. The sales totaled 85,000 shares executed across two dates, with the reported post-transaction beneficial ownership remaining above 8.5 million shares. From a compliance perspective the filing is complete with signature and dates provided. The transactions are presented as direct holdings and no derivative or plan-based transactions are disclosed.

Corporate Governance Expert

TL;DR: Insider-level disclosure is timely and shows partial divestment, while large residual holdings persist.

The report identifies Jay O. Wright as a director, officer (General Counsel, Secretary), and a 10% owner, and documents two sales at $1.04 per share. The form includes required signature and dates, fulfilling Section 16 reporting obligations. There is no disclosure here of a Rule 10b5-1 plan or other explanatory remarks, and no derivative positions are reported. For governance monitoring, the combination of insider status and continued large ownership is notable but the filing itself is a routine disclosure.

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^*

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)
08/22/2025

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	08/22/2025	08/22/2025	S		45,000	D	$1.04	8,627,673	D
Common Stock	08/26/2025	08/26/2025	S		40,000	D	$1.04	8,587,673	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	08/26/2025
	** 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 transactions did Jay O. Wright report on the Form 4 for CTM?

He reported two open-market sales: 45,000 shares on 08/22/2025 and 40,000 shares on 08/26/2025, each at $1.04 per share.

How many Castellum (CTM) shares does Jay O. Wright beneficially own after these transactions?

Following the reported sales, his beneficial ownership is listed as 8,587,673 shares.

Does the Form 4 report any derivative securities or Rule 10b5-1 plan?

No. Table II lists no derivative securities, and the filing does not indicate a Rule 10b5-1 plan or similar written plan.

What role does the reporting person hold at Castellum, Inc.?

The filer, Jay O. Wright, is reported as a Director, 10% owner, and an officer with titles General Counsel, Secretary.

When was the Form 4 signed?

The Form 4 is signed and dated 08/26/2025.