Bell David T 4
4 · Castellum, Inc. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Castellum (CTM) CFO David T. Bell Buys 1,329 Shares via ESPP
What Happened
- David T. Bell, Chief Financial Officer of Castellum, Inc. (CTM), purchased 1,329 shares of Castellum common stock on March 31, 2026. The Form 4 reports the acquisition at $0.45 per share for a total cost of $604. The transaction is reported under code "A" (award/grant or other acquisition) and was completed through the company's 2025 Employee Stock Purchase Plan (ESPP).
Key Details
- Transaction date and price: March 31, 2026 — 1,329 shares at $0.45/share (total $604).
- Acquisition method: Purchase under Castellum’s 2025 Employee Stock Purchase Plan (ESPP).
- Footnote: Purchase price was a 15% discount to the NYSE American closing price on March 30, 2026 (per Form 4 footnote).
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing timeliness: No indication in the provided data that the Form 4 was filed late.
Context
- ESPP purchases are routine employee stock-plan transactions and are often made at a preset discount (here 15%), so they are generally less informative about an insider’s short-term view than open-market buys or large option exercises. This purchase was small in dollar value (~$604), reflecting a routine participation in the company plan rather than a large personal investment decision.
Insider Transaction Report
Form 4
Bell David T
Chief Financial OfficerOther
Transactions
- Award
Common Stock
[F1]2026-03-31$0.45/sh+1,329$604→ 16,053 total
Footnotes (1)
- [F1]Pursuant to the terms of the Castellum, Inc. 2025 Employee Stock Purchase Plan, the reporting person purchased 1,329 shares of common stock of the Registrant. The per share purchase price was calculated at a discount of fifteen percent to the closing price of the Registrant's common stock as quoted on the NYSE American LLC on March 30, 2026.
Signature
/s/ David T. Bell|2026-03-31