[Form 4] Vestand Inc. Insider Trading Activity

Rhea-AI Filing Summary

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.

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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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^*

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)
11/12/2025

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	11/12/2025		S		5,000	D	$0.5347	2,294,371	D
Class A common stock, $0.0001 par value	11/12/2025		S		5,000	D	$0.5415	2,289,371	D
Class A common stock, $0.0001 par value	11/12/2025		S		2,916	D	$0.54	2,286,455	D
Class A common stock, $0.0001 par value	11/14/2025		S		5,000	D	$0.5446	2,281,455	D
Class A common stock, $0.0001 par value	11/14/2025		S		5,000	D	$0.5406	2,276,455	D
Class A common stock, $0.0001 par value	11/14/2025		S		5,000	D	$0.5491	2,271,455	D
Class A common stock, $0.0001 par value	11/14/2025		S		5,000	D	$0.5576	2,266,455	D
Class A common stock, $0.0001 par value	11/14/2025		S		12,084	D	$0.5401	2,254,371	D
Class A common stock, $0.0001 par value	11/14/2025		S		10,000	D	$0.5606	2,244,371	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	11/14/2025
	** 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 did Vestand (VSTD) insider James Chae report in this Form 4?

James Chae, a director and 10% owner of Vestand Inc., reported multiple open-market sales of Class A common stock on 11/12/2025 and 11/14/2025.

How many Vestand (VSTD) shares did James Chae sell and at what prices?

Across the reported trades, James Chae sold a total of 55,000 shares of Vestand Class A common stock at prices ranging from $0.5347 to $0.5606 per share.

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

Following the reported transactions, James Chae beneficially owns 2,244,371 shares of Vestand Class A common stock in direct ownership.

Were any derivative securities reported for Vestand (VSTD) in this Form 4?

No derivative securities were reported as acquired, disposed of, or beneficially owned; the table for derivative securities shows no entries.

What type of security did James Chae trade for Vestand (VSTD)?

The transactions all involved Class A common stock, $0.0001 par value, of Vestand Inc.

On which dates were the Vestand (VSTD) insider transactions executed?

The reported sales of Vestand Class A common stock were executed on 11/12/2025 and 11/14/2025.