MCCAHON STEPHEN WILLIAM 4

What Happened
Stephen W. McCahon, Chief Science Officer of Applied Energetics, sold 10,000 shares in an open-market transaction on January 20, 2026. The reported sale price is $1.80 per share (total proceeds ~$18,000). This filing reports a disposition (S = sale), not a purchase or option exercise.

Key Details

• Transaction date: 2026-01-20 (reported on Form 4 filed 2026-01-22). Filing appears timely based on the dates provided.
• Transaction type/code: Sale (open market) — code S.
• Shares sold: 10,000; reported price: $1.80 per share; gross proceeds: ~$18,000.
• Footnote: The $1.80 reflects a weighted average of multiple trades at prices ranging $1.80231–$1.805 on Jan 20, 2026; the insider offers to provide full trade-level details to the SEC upon request.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context
A sale by an executive is a disposition of shares and may be routine (e.g., for liquidity or tax reasons); it does not, by itself, indicate the insider’s view of the company’s prospects. Purchases are generally more informative about insider confidence than routine sales.