Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
Stephen William McCahon, Chief Science Officer of Applied Energetics, INC. (NASDAQ:AERG), a company whose stock has surged 117% over the past six months and currently trades at $1.65, sold 10,000 shares of common stock on September 19, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $1.50, for a total transaction value of $15,000.
Following the transaction, McCahon directly owns 12,812,861 shares of Applied Energetics .
McCahon also directly holds 1,585,000 Common Stock Purchase Warrants exercisable at $0.06, expiring on 2029-05-24. The stock currently trades well above its 52-week low of $0.58, showing strong momentum with an 18.5% gain in the past week alone.
In other recent news, Applied Energetics demonstrated a significant advancement in its technology with the successful test of its Pulsed Laser Air Defense (PLAID) system. The prototype managed to neutralize cameras on four separate drones in just four seconds, marking a milestone in the company’s development program. This test showcased the system’s capability to disrupt live feeds and sensor functions effectively. Additionally, Applied Energetics announced the appointment of Warren Spector as Vice President of Finance. Spector brings over three decades of financial leadership experience, having most recently served as CFO for Crossroads Live Group. His appointment is expected to strengthen the company’s financial strategies. These developments underscore Applied Energetics’ ongoing efforts to enhance its technological capabilities and financial management.
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