Chan Leng Jin 4

What Happened
Chan Leng Jin, Senior Vice President and Chief Information Officer of Avnet (AVT), exercised options to acquire 9,226 shares on Feb 2, 2026 (exercise price $39.62/share, cash paid $365,534) and sold those 9,226 shares the same day in an open-market sale at $61.53/share, producing gross proceeds of about $567,676. The filing also records the conversion/termination of the derivative tied to those options.

Key Details

• Transaction date: 2026-02-02 (Form 4 filed 2026-02-03).
• Exercise: 9,226 shares at $39.62 — cash outlay $365,534. (Code M)
• Sale: 9,226 shares at $61.53 — proceeds $567,676. (Code S)
• Derivative conversion: 9,226 shares recorded as disposed at $0.00 (reflects conversion of the option).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote F1: Includes 12,870 restricted stock units and 1,044 performance stock units earned but not yet vested or delivered.
• Footnote F2: The option vests in four equal annual installments beginning one year after grant.
• Filing timeliness: Reported the next day (no late filing flag indicated in the provided data).

Context
Because the shares were exercised and immediately sold the same day, this is effectively a cashless exercise plus sale (routine liquidity rather than an outright purchase). Derivative entries simply reflect the exercise/conversion of option rights into common shares prior to sale. This transaction documents insider activity but does not itself explain the insider’s investment view.