Shah Chetan 4
4 · AETHLON MEDICAL INC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Aethlon (AEMD) Director Chetan Shah Forfeits 178 Shares for Tax
What Happened Chetan Shah, a director of Aethlon Medical, forfeited 178 shares of common stock on 2026-03-31 to satisfy tax withholding related to the conversion of vested restricted stock units (RSUs). The filing reports the 178-share disposition at $2.19 per share, totaling about $390. The forfeiture was used to cover withholding when 268 vested RSUs were converted into shares.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (appears timely).
- Disposition: 178 shares forfeited (transaction code F for tax withholding) at $2.19 per share; total ~$390.
- Related RSUs: The 178 forfeited shares were part of an aggregate 268 vested RSUs converted to common stock.
- Shares owned after transaction: Not disclosed in the information provided.
- Footnote: Reporting person used shares from vested RSUs to cover tax withholding; withholding was calculated using the market price at the time of forfeiture.
Context This was not an open-market sale but a routine tax-withholding action tied to RSU vesting (a common administrative step when equity awards vest). Such forfeitures do not necessarily indicate a change in insider sentiment—rather they reflect standard payroll/tax mechanics when converting award units into shares.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-31$2.19/sh−178$390→ 1,463 total
Footnotes (1)
- [F1]The Reporting Person forfeited 178 shares of common stock upon conversion of an aggregate 268 vested and outstanding restricted stock units into shares of common stock to cover tax withholdings, using the market price of the issuer's common stock at the time of forfeiture. These restricted stock units were part of the grant reported in Table I of the Form 4 filed by the Reporting Person with the Securities and Exchange Commission on April 25, 2025.