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Vestand Inc. — Director's Dealing 2025
Oct 2, 2025
35568_dirs_2025-10-02_ae9b65ce-0b26-4901-ab8b-92ede0b46f47.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Vestand Inc. (VSTD)
CIK: 0001898604
Period of Report: 2023-11-06
Reporting Person: Chae James (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-06 | Class A common stock, $0.0001 par value | S | 49900 | $0.85 | Disposed | 7111000 | Direct |
| 2024-05-13 | Class A common stock, $0.0001 par value | G | 1000 | — | Disposed | 647100 | Direct |
| 2024-09-23 | Class A common stock, $0.0001 par value | G | 2500 | — | Disposed | 644600 | Direct |
| 2025-09-25 | Class A common stock, $0.0001 par value | S | 5000 | $1.93 | Disposed | 2573400 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-24 | Warrant to Purchase Common Stock | $0.025 | A | 280000 | Acquired | 2035-03-24 | Class A common stock, $0.0001 par value (1120000) | Direct |
Footnotes
F1: Transfer as compensation for services rendered.
F2: Based on NASDAQ closing price on the transaction date.
F3: Gifts to employees of Issuer for no consideration.
F4: On 11/27/2023, the Issuer effected a 1-for-10 reverse stock split. The ownership figure reported here reflects that split, as well as the disposition by the Reporting Person of 63,000 shares, as reported on the Form 4 filed by the Reporting Person on 12/19/2023.
F5: On 07/30/2025, the Issuer effected a 4-for-1 forward stock split. The value reported here reflects that split.
F6: On 03/24/2025, the Reporting Person acquired a warrant to purchase 280,000 shares of Class A common stock, with an exercise price of $0.01 per share and subject to a Beneficial Ownership Limitation (as defined therein) of 4.99%, in exchange for the cancellation of indebtedness of $700,000 owed by the Issuer to the Reporting Person. The Reporting Person served as a director of the Issuer until August 6, 2025.
F7: Due to the Beneficial Ownership Limitation and the Reporting Person's current ownership of Class A common stock, none of the Warrant is currently exercisable by the Reporting Person.