Shah Chetan 4

What Happened Chetan Shah, a director of Aethlon Medical, forfeited 178 shares of common stock on 2026-03-31 to satisfy tax withholding related to the conversion of vested restricted stock units (RSUs). The filing reports the 178-share disposition at $2.19 per share, totaling about $390. The forfeiture was used to cover withholding when 268 vested RSUs were converted into shares.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (appears timely).
• Disposition: 178 shares forfeited (transaction code F for tax withholding) at $2.19 per share; total ~$390.
• Related RSUs: The 178 forfeited shares were part of an aggregate 268 vested RSUs converted to common stock.
• Shares owned after transaction: Not disclosed in the information provided.
• Footnote: Reporting person used shares from vested RSUs to cover tax withholding; withholding was calculated using the market price at the time of forfeiture.

Context This was not an open-market sale but a routine tax-withholding action tied to RSU vesting (a common administrative step when equity awards vest). Such forfeitures do not necessarily indicate a change in insider sentiment—rather they reflect standard payroll/tax mechanics when converting award units into shares.