KERSTEN GEERT R 4

What Happened
Geert R. Kersten, CEO of CEL-SCI Corp. (CVM), is reported to have acquired 300,000 shares via a purchase on May 14, 2026. The shares were purchased at $1.20 per share for a total cost of $360,000. The purchase was made by the de Clara Trust, of which Mr. Kersten is a trustee, and the shares are restricted stock issued directly by the company.

Key Details

• Transaction date: 2026-05-14; reported on Form 4 filed 2026-05-18 (timely filing).
• Price: $1.20 per share; total value $360,000.
• Transaction type: P = Purchase (restricted stock issued directly by the company).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — The de Clara Trust purchased 300,000 restricted shares directly from the company at the closing price on May 13, 2026 (the most recent closing price available).
• Filing timeliness: Filed within the required reporting window (not marked late).

Context
This was a direct purchase of restricted stock by a trust for which the CEO serves as trustee, not an open-market trade. Restricted shares typically carry vesting or transfer limitations, so they may not be immediately tradable. Purchases by executives or related trusts can be informative to investors, but the filing itself does not state the trustee’s intent or any change in overall ownership beyond the reported purchase.