Chernick Aubrey 4

What Happened
Aubrey Chernick, listed as a 10% owner of StartEngine Crowdfunding, sold a total of 190,876 shares on 2026-03-12. The primary sale was 166,935 shares at $1.60 each, generating $267,096. An additional 23,941 shares were disposed of as "Bonus Shares" with $0 proceeds. These were sales (not purchases), which are often routine liquidity events rather than a bullish signal.

Key Details

• Transaction date: 2026-03-12.
• Sale details: 166,935 shares sold at $1.60 ($267,096); 23,941 shares sold at $0.00 (bonus shares; $0 proceeds).
• Filing date: Form 4 filed 2026-03-16 — this appears to be timely (filed within two business days of the transaction).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 — sales made pursuant to an offering statement qualified under Regulation A; F2 — the $0 shares were Bonus Shares sold under that offering statement.

Context

• The sales were executed under a Regulation A offering statement, which commonly covers secondary sales or distributions by insiders and can be part of planned liquidity rather than market-driven trading.
• As a 10% beneficial owner (not necessarily an executive trading on inside information), these transactions reflect insider selling but do not, by themselves, indicate company performance or management outlook.
• There were no option exercises, awards, or gift codes reported for these transactions.