Vestand (VSTD) director James Chae discloses December 2025 stock trades

Rhea-AI Filing Summary

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.

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)
12/10/2025

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	12/10/2025		S		5,000	D	$0.435	2,166,681	D
Class A common stock, $0.0001 par value	12/10/2025		S		5,000	D	$0.4425	2,161,681	D
Class A common stock, $0.0001 par value	12/10/2025		S		5,000	D	$0.4351	2,156,681	D
Class A common stock, $0.0001 par value	12/10/2025		S		5,000	D	$0.4501	2,151,681	D
Class A common stock, $0.0001 par value	12/10/2025		S		5,000	D	$0.443	2,146,681	D
Class A common stock, $0.0001 par value	12/11/2025		S		5,000	D	$0.4348	2,141,681	D
Class A common stock, $0.0001 par value	12/11/2025		S		5,000	D	$0.4173	2,136,681	D
Class A common stock, $0.0001 par value	12/11/2025		S		5,000	D	$0.426	2,131,681	D
Class A common stock, $0.0001 par value	12/12/2025		S		5,889	D	$0.4316	2,125,792	D
Class A common stock, $0.0001 par value	12/12/2025		S		5,000	D	$0.4314	2,120,792	D
Class A common stock, $0.0001 par value	12/12/2025		S		5,000	D	$0.4109	2,115,792	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	12/12/2025
	** 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 stock activity did Vestand (VSTD) report for December 2025?

Vestand reported that director James Chae sold multiple blocks of Class A common stock, $0.0001 par value, on 12/10, 12/11 and 12/12/2025. Each reported transaction involved between 5,000 and 5,889 shares at various per-share prices.

Who is the reporting person in the Vestand (VSTD) insider transaction and what is their role?

The reporting person is James Chae, who is identified as a director of Vestand Inc. The form is indicated as filed by one reporting person.

How many Vestand Class A shares does James Chae own after the reported sales?

After the reported transactions, James Chae beneficially owns 2,115,792 shares of Vestand Class A common stock, and this ownership is listed as direct (D).

On what dates and at what prices did the Vestand (VSTD) stock sales occur?

The reported sales occurred on 12/10/2025, 12/11/2025 and 12/12/2025. Disclosed sale prices include $0.435, $0.4425, $0.4501, $0.4348, $0.4173, $0.426, $0.4316, $0.4314 and $0.4109 per share.

Did the Vestand (VSTD) insider report any derivative securities in this document?

The section labeled Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned is present, but it does not list any specific derivative security transactions or holdings for James Chae.

Is James Chae27s Vestand (VSTD) share ownership direct or indirect after these transactions?

The ownership column for the 2,115,792 shares of Vestand Class A common stock following the reported transactions is marked as Direct (D), indicating direct ownership.