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Gregory James Quarles, CEO Emeritus of Applied Energetics, Inc. (NASDAQ:AERG), a company that has seen its stock surge over 254% year-to-date and maintains impressive gross profit margins of 49%, sold 10,000 shares of common stock on July 21, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price ranging from $2.21 to $2.26, totaling $22,500. Following the transaction, Quarles directly owns zero shares of Applied Energetics, which currently has a market capitalization of $474 million. According to InvestingPro analysis, the stock appears to be trading slightly above its Fair Value, with 12 additional exclusive insights available to subscribers.
On the same day, Quarles also exercised options to acquire 10,000 shares of Applied Energetics common stock at a price of $0.35 per share, for a total value of $3,500. These options were issued in exchange for services rendered as an officer and director of the company.
Additionally, the filing indicates that Quarles holds 1,954,545 Restricted Stock Units, which are subject to vesting requirements.
In other recent news, Applied Energetics, Inc. has made significant changes to its leadership team and board structure. The company announced the appointment of Warren Spector as Vice President of Finance. Spector, with over 30 years of financial leadership experience, was previously the CFO for Crossroads Live Group. Additionally, Applied Energetics expanded its Board of Directors to seven members by appointing Christopher Donaghey and Scott Andrews as new directors. Christopher Donaghey, who took on the CEO role in November 2024, brings a wealth of experience from the aerospace, defense, and capital markets sectors. These appointments reflect the company’s ongoing strategy to strengthen its executive leadership and governance. The changes were confirmed through recent SEC filings.
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