Donaghey Christopher Wayne 4

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.