WidePoint (WYY) EVP Jason Holloway Exercises Options, Sells Shares

What Happened

• Jason Holloway, EVP and Chief Sales and Market Officer of WidePoint Corp (WYY), exercised 9,714 stock options on August 24, 2026. The exercise price paid was $1.82 per share (total ~$17,679). To cover tax withholding, 3,844 of the resulting shares were surrendered/disposed at $9.05 per share (value ~$34,788). Net shares received by Holloway from the exercise were 5,870 shares.
• The filing also records the conversion/cancellation of the derivative instrument (9,714 option units) as part of the exercise (reported at $0 for the derivative line).

Key Details

• Transaction date: 2026-08-24; Form 4 filed 2026-09-21 (filing appears late relative to the transaction).
• Exercise: 9,714 shares at $1.82 each → $17,679 (cash paid).
• Tax withholding/disposition: 3,844 shares at $9.05 each → ~$34,788 withheld.
• Net new shares retained: 5,870 (9,714 exercised − 3,844 withheld).
• Footnote: Options were granted under the issuer’s Amended and Restated 2008 Stock Incentive Plan and vested in full at the third anniversary of the grant (per filing).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was an options exercise with a sell-to-cover tax withholding (common practice) rather than an open-market sale of additional shares; the withholding reduced the number of shares the insider actually received.
• The filing delay (transaction on Aug 24, filed Sept 21) is noted; late filings can limit timely market transparency but do not by themselves indicate intent or misconduct.