Hug, Gerard Francis sold AIAD
January 8, 2025 · Form 4 insider transaction
Hug, Gerard Francis sold 125,000,000 shares of AIAD at $0.00 per share, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
Direction
Disposed (sell-side)
Shares
125,000,000
Price
$0.00
Total value
N/A
InsiderHug, Gerard Francis
Role—
CompanyAIAD
SecurityStock Options (right to buy)
Transaction codeD: Disposition to the issuer
Transaction dateJanuary 8, 2025
Filing dateJanuary 10, 2025
Shares owned after0
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
The two reported transactions involved an amendment of an outstanding option to extend the expiration date, resulting in the cancellation of the "old" option and the grant of a replacement option.; These options were originally granted on January 17, 2020 and provided for vesting in 36 equal monthly installments beginning on February 17, 2020.