Welcome to our dedicated page for Vestand SEC filings (Ticker: VSTD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Vestand Inc. describes changes to a key financing agreement and a later partial termination of unfunded capital. The company previously entered into a $4,400,000 convertible note subscription with Open Innovation Fund, originally restricted to California real estate projects. On September 10, 2025, Vestand and the investor signed a Change of Use Amendment so that proceeds may instead be used for general operating expenses, financial restructuring and risk management, selective growth investments, new business acquisitions, and internal control and system improvements, with all other terms unchanged. The company notes that the related report was filed late due to an inadvertent lapse. Vestand also reports that while the investor funded a first tranche of $2,900,000, the remaining $1,500,000 was not funded and, on December 12, 2025, both parties agreed through a Partial Termination Confirmation to end the investor’s commitment to that unfunded amount, leaving the terms governing the funded capital in place.
Vestand Inc. received a written notice from Nasdaq that its Class A common stock no longer meets the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The notice is based on the stock closing below $1.00 for 30 consecutive business days, but it has no immediate effect on the listing or trading of shares under the symbol VSTD.
The company has 180 calendar days, until June 10, 2026, to regain compliance by having a closing bid of at least $1.00 for a minimum of ten consecutive business days. If it meets other Nasdaq listing standards and notifies Nasdaq of plans to cure the deficiency, including a potential reverse stock split, it may receive an additional 180-day period. If the price falls to $0.10 or less for ten consecutive trading days, Nasdaq can issue an immediate delisting determination. Vestand is monitoring its share price and evaluating possible responses but has not yet decided on specific actions.
Vestand Inc. director James Chae reported multiple sales of Class A common stock, $0.0001 par value, on 12/10, 12/11 and 12/12/2025. The transactions each involved 5,000 to 5,889 shares, with reported sale prices including $0.435, $0.4425 and $0.4501 per share.
After completing these sales, Chae beneficially owns 2,115,792 shares of Vestand Class A common stock, held directly.
Vestand Inc. (VSTD)11/20/2025, he sold 804 shares of Class A common stock at $0.5762 per share and 5,000 shares at $0.56 per share. On 11/24/2025, he sold an additional 2,196 shares at $0.5537 per share. After these transactions, Chae beneficially owned 2,226,681 shares of Vestand Class A common stock directly.
Vestand Inc. (VSTD)
Vestand Inc. (VSTD) director and 10% owner James Chae reported open-market sales of Class A common stock. On 11/12/2025, he sold multiple blocks totaling 17,916 shares at prices between $0.5347 and $0.54 per share. On 11/14/2025, he sold additional blocks totaling 37,084 shares at prices between $0.5401 and $0.5606 per share. After these transactions, he directly beneficially owns 2,244,371 shares of Vestand Class A common stock.
Vestand (VSTD)109,427 shares of Class A common stock on 11/05/2025 and 11/06/2025, at prices between $0.5354 and $0.5821 per share.
Following these transactions, he beneficially owned 2,299,371 shares, held directly.
Vestand Inc. changed its independent auditor. Based on its Audit Committee’s recommendation, the Board dismissed BCRG Group and engaged M.N. Vijay Kumar, Chartered Accountant as the new independent registered public accounting firm.
BCRG’s reports for the years ended December 31, 2024 and 2023 contained no adverse opinions or disclaimers and were not qualified or modified. The company reports no disagreements with BCRG and no reportable events during the covered periods. Vestand has requested a confirmation letter from BCRG to be filed by amendment.
Vestand Inc. (VSTD) reported insider activity by a director on Form 4. The filing lists multiple open‑market sales of Class A common stock on 10/31/2025, 11/03/2025, and 11/04/2025 (transaction code S) at prices ranging from $0.5056 to $0.8931 per share. Following these transactions, the reporting person beneficially owned 2,408,798 shares, held directly.