Donaghey Christopher Wayne 4

4 · APPLIED ENERGETICS, INC. · Filed May 13, 2026

AI-generated summary of this filing

Updated May 13, 2026

Applied Energetics (AERG) CEO Christopher Donaghey Sells 10,000 Shares

What Happened

Christopher Wayne Donaghey, President & CEO and a director of Applied Energetics (AERG), sold 10,000 common shares in an open-market sale on May 11, 2026. The shares were disposed at $1.50 per share for total proceeds of $15,000. This was a sale (disposition), not a purchase or option exercise.

Key Details

Transaction date and price: 2026-05-11 — 10,000 shares sold at $1.50 each (total $15,000).
Filing date: Form 4 filed 2026-05-13 reporting the May 11 transaction.
Shares owned after transaction: Not specified in the provided excerpt of the filing.
Transaction type/code: S = Sale (open market/private sale indicated in filing).
Notable footnotes from the filing (summarized):
- F1: Options covering 1,000,000 shares issued with vesting tied to company gross-revenue milestones ($10M, $25M, $50M); 10-year term.
- F2–F4: Multiple service-based option grants with specific vesting schedules and installments (some grants vested in past years; one grant vests 250k/year starting 7/12/2023 and 750k currently vested).
- F5: RSUs vesting 100,000 shares annually starting 7/12/2023 (no expiration/exercise price).
No indication in the provided information that the filing was late.

Context

A single small open-market sale for $15,000 is often routine and does not necessarily indicate management’s view of the company’s prospects; purchases tend to be more informative about insider conviction.
The filing also shows the insider holds various options and RSUs with time- and milestone-based vesting. The sale was reported as a disposition of shares; the filing does not state whether the sold shares came from previously vested shares, proceeds from option exercises, or another source.

Form 4

Period: 2026-05-11

DirectorPresident & CEO

Transactions

Sale
Common Stock, par value $0.001 per share
2026-05-11$1.50/sh−10,000$15,000→ 123,592 total

Holdings

Incentive Stock Options
[F1]
Exercise: $0.78→ Common Stock, par value $.001 per share (1,000,000 underlying)
1,000,000
Non-Statutory Stock Options
[F2]
Exercise: $0.35Exp: 2029-04-29→ Common Stock, par value $.001 per share (150,000 underlying)
150,000
Non-Statutory Stock Options
[F3]
Exercise: $0.61Exp: 2031-05-12→ Common Stock, par value $.001 per share (200,000 underlying)
200,000
Incentive Stock Options
[F4]
Exercise: $2.36Exp: 2032-07-13→ Common Stock, par value $.001 per share (1,000,000 underlying)
1,000,000
Restricted Stock Units
[F5]
→ Common Stock, par value $.001 per share (100,000 underlying)
100,000

Footnotes (5)

[F1]The options vest upon the achievement of specified revenue milestones as follows: with respect to 170,000 Shares, upon achievement of gross revenues of $10 million; with respect to an additional 330,000 Shares, upon achievement of gross revenues of $25 million; and with respect to the remaining 500,000 Shares, upon achievement of gross revenues of $50 million. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan and expire ten years from the date of grant.
[F2]These options vested in instalments of 37,500 shares on each of 9/29/2019, 4/29/2020, 9/29/2020 and 4/29/2021. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
[F3]These options vested on May 12, 2022. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
[F4]These options vest over four years, in equal annual instalments of 250,000 shares, commencing on July 12, 2023, having currently vested as to 750,000 shares. They were issued in exchange for services pursuant to an Incentive Stock Option Agreement under the 2018 Incentive Stock Plan.
[F5]These RSUs vest in equal annual instalments of 100,000 shares, commencing on July 12, 2023 and have no expiration date or exercise price.

Signature

/s/ Christopher Donaghey|2026-05-13

1 file