PALUMBO JOHN M 4
4 · Omnitek Engineering Corp · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Omnitek (OMTK) Director John M. Palumbo Acquires 50,000 Shares
What Happened
John M. Palumbo, a director of Omnitek Engineering Corp (OMTK), acquired 50,000 shares on January 26, 2026 as the result of the expiration of a short derivative position (transaction code E). The reported per-share value for the transaction was $0.09, for a total reported value of $4,500. This was not an open-market purchase or sale but an acquisition tied to a derivative instrument expiring.
Key Details
- Transaction date: 2026-01-26 (reported on Form 4 filed 2026-01-28) — filing appears timely (within the typical two business-day window).
- Transaction type/code: E — expiration of a short derivative position; result recorded as "Acquired" 50,000 shares.
- Price/value: $0.09 per share; total value $4,500 (derivative transaction).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes/plans: no 10b5-1 plan, tax withholding, or other footnotes disclosed in the information provided.
Context
An expiration of a short derivative position generally reflects the mechanical outcome of a derivative expiring and assignment of underlying shares rather than an intentional open-market buy or sell that signals a view on the stock. For retail investors, note this is an acquisition of shares but driven by a derivative event; it should be interpreted differently from a voluntary purchase or sale by the insider.
Insider Transaction Report
- Expiration
Stock Option
2026-01-26$0.09/sh+50,000$4,500→ 300,000 totalExercise: $0.09From: 2019-01-16Exp: 2026-01-26→ Common Stock (50,000 underlying)
- 149,820
Common Stock
- 300,000
Stock Option
Exercise: $0.06From: 2020-03-27Exp: 2027-03-26→ Common Stock (50,000 underlying) - 300,000
Stock Option
Exercise: $0.10From: 2021-03-10Exp: 2028-03-09→ Common Stock (50,000 underlying) - 300,000
Stock Option
Exercise: $0.05From: 2022-04-18Exp: 2029-04-17→ Common Stock (50,000 underlying) - 300,000
Stock Option
Exercise: $0.04From: 2023-04-18Exp: 2030-04-17→ Common Stock (50,000 underlying) - 300,000
Stock Option
Exercise: $0.02From: 2024-04-25Exp: 2031-04-24→ Common Stock (50,000 underlying) - 300,000
Stock Option
Exercise: $0.02From: 2025-04-24Exp: 2032-04-23→ Common Stock (50,000 underlying)