VSTD Form 4 shows director James Chae selling Class A shares

Rhea-AI Filing Summary

Vestand Inc. (VSTD) reported insider activity by a director and 10% owner, James Chae, on a Form 4. He reported three open-market sales of Class A common stock at a par value of $0.0001 per share. On 11/17/2025 he sold 1 share at $0.575, on 11/18/2025 he sold 4,960 shares at $0.5313, and on 11/19/2025 he sold 4,999 shares at $0.5688, all reported as direct ownership sales. After these transactions, he directly beneficially owned 2,234,681 shares of Vestand Class A common stock.

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^*

Chae James

(Last) (First) (Middle)

6940 BEACH BLVD SUITE D-705

(Street)

BUENA PARK CA 90621

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Vestand Inc. [ VSTD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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
Class A common stock, $0.0001 par value	11/17/2025		S		1	D	$0.575	2,244,370	D
Class A common stock, $0.0001 par value	11/18/2025		S		4,960	D	$0.5313	2,239,680	D
Class A common stock, $0.0001 par value	11/19/2025		S		4,999	D	$0.5688	2,234,681	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/ James Chae	11/19/2025
	** 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 transaction did Vestand Inc. (VSTD) report on this Form 4?

The filing shows that James Chae, a director and 10% owner of Vestand Inc. (VSTD), reported sales of Class A common stock in the open market over three consecutive days in November 2025.

How many Vestand (VSTD) shares did James Chae sell and on which dates?

James Chae sold 1 share of Class A common stock on 11/17/2025, 4,960 shares on 11/18/2025, and 4,999 shares on 11/19/2025, all reported as dispositions.

What prices did James Chae receive for his Vestand (VSTD) stock sales?

The reported sale prices for Vestand Class A common stock were $0.575 per share on 11/17/2025, $0.5313 per share on 11/18/2025, and $0.5688 per share on 11/19/2025.

How many Vestand (VSTD) shares does James Chae own after these transactions?

After the reported sales, James Chae beneficially owned 2,234,681 shares of Vestand Inc. Class A common stock, held as direct ownership.

Does the Form 4 show any Vestand (VSTD) derivative securities for James Chae?

The filing includes a table for derivative securities, but no derivative transactions or holdings are listed for James Chae in that table.

What is James Chae’s relationship to Vestand Inc. (VSTD)?

James Chae is reported as a director of Vestand Inc. and a 10% owner, meaning he holds at least ten percent of the company’s equity securities.