Galeese James E 4

What Happened

• James E. Galeese, Executive Vice President and Chief Financial Officer of LSI Industries, exercised a total of 136,578 option-derived shares on 2026-05-28 and immediately sold those shares in the open market.
• Exercised lots and costs: 38,386 shares at $4.94 ($189,627), 75,606 shares at $3.83 ($289,571), and 22,586 shares at $6.80 ($153,585) — total exercise cost ≈ $632,783.
• Open-market sales: the same 136,578 shares were sold at a weighted-average price of $24.29 for aggregate sale proceeds ≈ $3,317,480.

Key Details

• Transaction date: 2026-05-28; Form 4 filed 2026-06-01 (no late-filing flag provided in the supplied data).
• Sale pricing: reported weighted average $24.29; individual sale prices ranged from $23.96 to $24.74 (footnote F1).
• Shares owned after the transactions: not specified in the provided filing (footnote F2 notes holdings were previously reported).
• Footnotes: F1 explains the weighted-average sale price and availability of full pricing info on request; F2 says these holdings were previously reported; F3 notes the options vest ratably over a three-year period.

Context

• This is a common cashless exercise pattern: the insider paid the option strike amounts (~$632.8k) to convert options into common shares and then sold those shares in the open market, realizing gross proceeds of about $3.32M.
• These transactions represent routine insider option exercises and sales rather than an open-market purchase (which can be viewed as a stronger bullish signal). No 10%‑owner indication or other special plan (e.g., 10b5‑1) was reported in the data provided.