Adamczyk Bradford Thomas 4

What Happened

• Bradford Thomas Adamczyk, a director of Applied Energetics, exercised options to acquire 10,000 shares at $0.07/share (exercise cost $700) on 2026-05-11 and sold 10,000 shares in an open-market transaction at $1.50/share for total proceeds of $15,000. The Form 4 also reports a related derivative conversion/disposition of 10,000 shares listed with price N/A (details not specified in the filing). Sales are routine insider dispositions; the exercise followed by an immediate sale looks like a cash-out of option value.

Key Details

• Transaction date: 2026-05-11
• Exercise: 10,000 shares at $0.07 each (total exercise cost $700)
• Sale: 10,000 shares sold at $1.50 each (total proceeds $15,000)
• Additional line: 10,000-share derivative conversion/disposition reported with N/A price (no monetary details provided)
• Footnotes:
  • F1: Some holdings are held by Moriah Stone Global L.P., of which Mr. Adamczyk is controlling partner.
  • F2: Options were issued in exchange for services as an officer/director.
  • F3: 3,500,000 shares of Common Stock underlie these options and were not affected by these transactions.
  • F4: 500,000 of his options are held by Adamczyk Family 2021 LLC and were not exercised.
• Shares owned after the reported transactions: not specified in the provided filing excerpt.
• Filing timing: Form filed 2026-05-14 for trades on 2026-05-11 (Form 4s are generally due within 2 business days; this filing was submitted 3 calendar days after the transaction and may be late).

Context

• This appears to be an option exercise followed by an immediate sale (a cash-out of option value), which converts paper option gains into cash; such transactions are common for compensatory options issued for services.
• The options in question were issued as compensation, and a large pool of options (3.5M underlying) and 500k held in a family LLC were unaffected by this report.