KERSTEN GEERT R 4

What Happened
Geert R. Kersten, CEO of CEL‑SCI Corp. (CVM), purchased 38,023 restricted shares directly from the company on January 22, 2026. The shares were acquired at $5.26 per share for a total reported transaction value of $200,001. This was a purchase (insider buying can be viewed as a more informative signal than routine sales).

Key Details

• Transaction date and price: January 22, 2026 — 38,023 shares at $5.26 each (total $200,001).
• Transaction type: Purchase of restricted stock (Code P).
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Footnote: F1 — Mr. Kersten purchased restricted shares directly from the company at the closing price on January 21, 2026 (the most recent closing price available).
• Timeliness: Form 4 filed January 26, 2026; filing date is within the standard two-business-day reporting window for Form 4s following the transaction date.

Context: This was a direct purchase of restricted common stock from the company (not an option exercise or gift). Restricted shares typically carry transfer or sale limitations until vesting or other conditions are met; the filing does not state any immediate sale of the acquired shares.