Donaghey Christopher Wayne 4
4 · APPLIED ENERGETICS, INC. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Applied Energetics (AERG) CEO Christopher Donaghey Sells 10,000 Shares
What Happened
Christopher Wayne Donaghey, President, CEO and a director of Applied Energetics, sold 10,000 shares on June 1, 2026 at $1.50 per share, generating $15,000 in proceeds. The transaction is reported as a sale (code S), i.e., a disposition of shares rather than a purchase or option exercise.
Key Details
- Transaction date and price: 2026-06-01, 10,000 shares at $1.50 each (total $15,000).
- Transaction type: Sale (S) — open market or private sale as reported.
- Shares owned after transaction: Not specified in the provided filing details.
- Filing: Report filed 2026-06-03 for a 2026-06-01 transaction (appears timely).
- Notable footnotes on insider compensation/holdings (from the filing):
- F1: Options (totaling 1,000,000 shares split 170k/330k/500k) vest upon company gross revenue milestones ($10M, $25M, $50M); 10-year term.
- F2–F4: Various service-based option grants with scheduled vesting (specific installment dates and amounts noted). F4 indicates 750,000 shares currently vested under a four-year schedule.
- F5: RSUs vesting in equal annual 100,000-share instalments commencing July 12, 2023; no exercise price or expiration.
Context
This was a small-dollar sale (~$15K) and is typically viewed as routine insider selling; it does not by itself indicate management sentiment about the company’s share price or future performance. The filing also discloses multiple option and RSU grants with milestone and time-based vesting—these describe how future insider holdings may vest but do not directly explain this particular sale.
Insider Transaction Report
- Sale
Common Stock, par value $0.001 per share
2026-06-01$1.50/sh−10,000$15,000→ 113,592 total
- 1,000,000
Incentive Stock Options
[F1]Exercise: $0.78→ Common Stock, par value $.001 per share (1,000,000 underlying) - 150,000
Non-Statutory Stock Options
[F2]Exercise: $0.35Exp: 2029-04-29→ Common Stock, par value $.001 per share (150,000 underlying) - 200,000
Non-Statutory Stock Options
[F3]Exercise: $0.61Exp: 2031-05-12→ Common Stock, par value $.001 per share (200,000 underlying) - 1,000,000
Incentive Stock Options
[F4]Exercise: $2.36Exp: 2032-07-13→ Common Stock, par value $.001 per share (1,000,000 underlying) - 100,000
Restricted Stock Units
[F5]→ Common Stock, par value $.001 per share (100,000 underlying)
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.