Adamczyk Bradford Thomas 4

What Happened
Bradford T. Adamczyk, a director of Applied Energetics, exercised 10,000 stock options (strike $0.07) on 2026-06-08 (cost $700) and sold 10,000 common shares in an open-market transaction at $1.50 each for $15,000. The Form 4 also reports an additional derivative conversion of 10,000 shares marked as disposed with no price reported (N/A). The sequence — exercise followed by an immediate sale — is consistent with a cashless exercise and sale of shares rather than a buy-and-hold purchase.

Key Details

• Transaction date: 2026-06-08. Form 4 filed: 2026-06-10 (timely within reporting rules).
• Reported transactions: M (option exercise) — 10,000 shares @ $0.07 (acquired); S (open-market sale) — 10,000 shares @ $1.50 (disposed) = $15,000 gross. Another M-line shows 10,000 derivative shares disposed with price N/A.
• Shares owned after the transactions: Not specified in the provided Form 4.
• Relevant footnotes from the filing:
  • F1: Certain holdings are held by Moriah Stone Global L.P., of which Mr. Adamczyk is the controlling partner.
  • F2: Options were originally issued as compensation for services as an officer and director.
  • F3: 3,500,000 option-linked shares referenced in the filing were not affected by these transactions.
  • F4: 500,000 of Mr. Adamczyk’s options are held by Adamczyk Family 2021 LLC (controlled by him) and were not exercised.
• Filing timeliness: The report was filed two days after the transaction date and appears timely (not late).

Context

• For retail investors: this activity reflects an option exercise followed by a sale of the resulting shares — often a liquidity/compensation action rather than a signal of long-term conviction. Purchases (buys) are generally more informative about bullish insider sentiment; sales can be routine (taxes, diversification, compensation).
• Derivative note: “M” indicates an option exercise/conversion. The line showing 10,000 derivatives disposed with price N/A is not explained in the Form 4; it may reflect settlement mechanics related to the exercise but the filing provides no further detail.
• The options involved were granted as compensation, per the footnotes, and a large pool of related options (3.5M) and a 500k block in a family LLC remain outstanding and were not affected by these transactions.