Home / Restatements / Vestand Inc.
Filed 2025-10-31 路 Form 8-K 路 Accession 0001493152-25-020411 nano
Price before filing: $0.85 (2025-10-30 close, split/dividend-adjusted)
Market cap at flag: $4.6M (2025-10-31) 路 Latest: $1,192 (2026-08-20)
| Window | VSTD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -36.1% | +0.1% | -36.2% | 2025-12-01 |
| 90 days | -62.6% | +2.4% | -65.0% | 2026-01-29 |
| 180 days | -51.8% | +5.3% | -57.0% | 2026-04-29 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $98K (17 sales)
30 days after: 1 insider sold $173K (56 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-25 | Chae James 10% owner | Sale | 5,000 | $1.93 | $10K | no | Form 4 |
| 2025-10-17 | Chae James 10% owner | Sale | 10,000 | $1.30 | $13K | no | Form 4 |
| 2025-10-20 | Chae James 10% owner | Sale | 10,000 | $1.30 | $13K | no | Form 4 |
| 2025-10-21 | Chae James 10% owner | Sale | 538 | $1.35 | $726 | no | Form 4 |
| 2025-10-21 | Chae James 10% owner | Sale | 200 | $1.30 | $260 | no | Form 4 |
| 2025-10-21 | Chae James 10% owner | Sale | 117 | $1.26 | $147 | no | Form 4 |
| 2025-10-21 | Chae James 10% owner | Sale | 5,000 | $1.24 | $6K | no | Form 4 |
| 2025-10-22 | Chae James 10% owner | Sale | 5,000 | $1.20 | $6K | no | Form 4 |
| 2025-10-23 | Chae James 10% owner | Sale | 5,000 | $1.26 | $6K | no | Form 4 |
| 2025-10-23 | Chae James 10% owner | Sale | 5,000 | $1.23 | $6K | no | Form 4 |
| 2025-10-24 | Chae James 10% owner | Sale | 3,039 | $1.20 | $4K | no | Form 4 |
| 2025-10-28 | Chae James 10% owner | Sale | 5,000 | $1.06 | $5K | no | Form 4 |
| 2025-10-28 | Chae James 10% owner | Sale | 5,000 | $1.04 | $5K | no | Form 4 |
| 2025-10-28 | Chae James 10% owner | Sale | 5,000 | $1.03 | $5K | no | Form 4 |
| 2025-10-29 | Chae James 10% owner | Sale | 5,000 | $0.92 | $5K | no | Form 4 |
| 2025-10-29 | Chae James 10% owner | Sale | 5,000 | $0.92 | $5K | no | Form 4 |
| 2025-10-30 | Chae James 10% owner | Sale | 10,000 | $0.85 | $8K | no | Form 4 |
| 2025-10-31: red flag filed | |||||||
| 2025-10-31 | Chae James 10% owner | Sale | 5,000 | $0.89 | $4K | no | Form 4 |
| 2025-10-31 | Chae James 10% owner | Sale | 6,000 | $0.76 | $5K | no | Form 4 |
| 2025-11-03 | Chae James 10% owner | Sale | 3,000 | $0.79 | $2K | no | Form 4 |
| 2025-11-03 | Chae James 10% owner | Sale | 5,000 | $0.65 | $3K | no | Form 4 |
| 2025-11-03 | Chae James 10% owner | Sale | 1,708 | $0.82 | $1K | no | Form 4 |
| 2025-11-04 | Chae James 10% owner | Sale | 10,000 | $0.51 | $5K | no | Form 4 |
| 2025-11-04 | Chae James 10% owner | Sale | 5,000 | $0.52 | $3K | no | Form 4 |
| 2025-11-04 | Chae James 10% owner | Sale | 5,000 | $0.52 | $3K | no | Form 4 |
Showing 25 of 73 transactions.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-02 to 2025-11-30. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company"), based on the Company's Audit Committee Report and on an Independent Accountant's Report on Applying Agreed-Upon Procedures (the "Independent Accountant Report") from Oh & Chung LLP ("Oh & Chung"), an independent registered public accounting firm, determined that the Company's previously filed financial statements (the "Previously Issued Financial Statements") contained in the Company's annual and..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Auditor change, Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
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