Home / Auditor changes / Vestand Inc.
Filed 2025-11-07 路 Form 8-K 路 Accession 0001493152-25-021298 nano
Price before filing: $0.549 (2025-11-06 close, split/dividend-adjusted)
Market cap at flag: $3.0M (2025-11-07) 路 Latest: $1,192 (2026-08-20)
| Window | VSTD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -25.1% | +2.0% | -27.1% | 2025-12-08 |
| 90 days | -46.1% | +1.4% | -47.5% | 2026-02-05 |
| 180 days | -32.2% | +10.1% | -42.3% | 2026-05-06 |
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 $206K (50 sales)
30 days after: 1 insider sold $65K (23 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 | 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 |
| 2025-11-07: red flag filed | |||||||
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 2025-08-09 to 2025-12-07. 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 recommendation, dismissed BCRG Group ("BCRG") as its independent registered public accountancy firm, and engaged M.N. Vijay Kumar, Chartered Accountant, as the Company's new independent registered public accounting firm."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Why this score: also within 90 days: Late quarterly report (NT 10-Q), Non-reliance / restatement
Read the original filing on SEC.gov →
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