Company: AEMD
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006049
Chunk: 13

Company: AETHLON MEDICAL INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 13
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 RSU priced at the average for the closing prices for the five days preceding
and including the date of grant, or $2.80 per share for the April 2025 RSU grants. As a result, in April 2025 the four eligible directors
were each granted an RSU in the amount of 17,858 shares under the 2020 Plan. The RSUs are subject to vesting in four equal
installments, with 25% of the restricted stock units vesting on each of June 30, 2025, September 30, 2025, December 31, 2025, and March
31, 2026, subject in each case to the director’s Continuous Service (as defined in the 2020 Plan), through such dates. Vesting will
terminate upon the director’s termination of Continuous Service prior to any vesting date.

During
the three-months ended June 30, 2025, 13,395 shares were issued upon settlement of 17,858 RSUs.

6. RELATED PARTY TRANSACTIONS

During the three months ended June 30, 2025, we accrued
unpaid fees of $68,250 owed to our non-employee directors. We did not enter into any new related party arrangements. The accrued balance
for separation expenses at June 30, 2025, relates to agreements with former executive officers from a prior period; no new separation
accruals were recorded during the quarter.

Amounts due to related parties
were comprised of the following items:

    Schedule of amounts due to related parties 

    June 30, 2025  
    March 31,  2025 
  
    Accrued Board fees 
    $68,250  
    $68,250 
  
    Accrued vacation to all employees 
     167,352  
     165,029 
  
    Accrued separation expenses 
     136,996  
     346,286 
  
    Total due to related parties 
    $372,598  
    $579,565 

     12 

7. OTHER CURRENT LIABILITIES

Other current liabilities were comprised of the following items:

    Schedule of other current liabilities 

    June 30,  
    March 31, 

    2025  
    2025 
  
    D&O insurance premium financing 
    $112,727