Frequency Electronics (FEIM) 10% Owner Edenbrook Capital Sells Shares

What Happened

• Edenbrook Capital, LLC (identified as a 10% owner) sold a total of 652,174 shares of Frequency Electronics, Inc. (FEIM) in two transactions on July 28, 2026. The sales were 97,826 shares and 554,348 shares, each at $57.50 per share, totaling $5,624,995 and $31,875,010 respectively — $37,500,005 combined.
• These were disposals (sales), not purchases or option exercises, which are often routine portfolio or fund-management transactions rather than insider “buy” signals.

Key Details

• Transaction dates and prices: July 28, 2026 — 97,826 shares @ $57.50; July 28, 2026 — 554,348 shares @ $57.50.
• Total shares sold: 652,174; total proceeds: $37,500,005.
• Filing date: July 30, 2026 (Form 4 covering period of report July 28, 2026). Filing appears timely (filed two days after the transactions).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: Securities were held in Edenbrook-managed private funds (Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP). Jonathan Brolin (managing member) may be deemed a beneficial owner by virtue of his role; however, the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest. Another footnote relates to restricted stock units granted to Jonathan Brolin (vesting schedule and prior withholding), but the reported sales are of fund-held shares.

Context

• This filing is by a 10% institutional owner (investment manager of private funds), not an executive-level personal sale. Such sales frequently reflect fund-level portfolio management rather than personal views on the company. The transactions were outright sales (code S) reported as open market or private sales per the Form 4.