Vestand (VSTD) insider Form 4 shows 2.23M shares held

Vestand Inc. (VSTD) director and 10% owner James Chae reported share sales in a Form 4 filing.

Rhea-AI Filing Summary

Vestand Inc. (VSTD) director and 10% owner James Chae reported share sales in a Form 4 filing. On 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.

Insider Trade Summary

Net Seller: 8,000 shares

Net Sell 3 txns

Insider Chae James

Role 10% Owner

Sold 8,000 shs ($4K)

Type	Security	Shares	Price	Value
Sale	Class A common stock, $0.0001 par value	2,196	$0.5537	$1K
Sale	Class A common stock, $0.0001 par value	804	$0.5762	$463.26
Sale	Class A common stock, $0.0001 par value	5,000	$0.56	$3K

Holdings After Transaction: Class A common stock, $0.0001 par value — 2,226,681 shares (Direct)

FAQ

What did Vestand Inc. (VSTD) report in this Form 4 filing?

The Form 4 reports that director and 10% owner James Chae sold shares of Vestand Inc. Class A common stock on 11/20/2025 and 11/24/2025, and discloses his holdings after these sales.

How many Vestand (VSTD) shares did James Chae sell on 11/20/2025?

On 11/20/2025, James Chae sold 804 shares of Vestand Class A common stock at $0.5762 per share and 5,000 shares at $0.56 per share.

What Vestand (VSTD) insider transaction occurred on 11/24/2025?

On 11/24/2025, James Chae sold 2,196 shares of Vestand Class A common stock at a price of $0.5537 per share.

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

Following the reported transactions, James Chae beneficially owned 2,226,681 shares of Vestand Class A common stock directly.

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

James Chae is reported as a director and 10% owner of Vestand Inc. in this Form 4 filing.

Does this Vestand (VSTD) Form 4 report any derivative securities?

The Form 4 includes a table for derivative securities, but in this excerpt there are no derivative transactions reported; only non-derivative Class A common stock sales are shown.

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Accepted by SEC EDGAR 11/24/2025 - 08:42 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^*

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)
11/20/2025

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	11/20/2025		S		804	D	$0.5762	2,233,877	D
Class A common stock, $0.0001 par value	11/20/2025		S		5,000	D	$0.56	2,228,877	D
Class A common stock, $0.0001 par value	11/24/2025		S		2,196	D	$0.5537	2,226,681	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	11/24/2025
	** 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.