Lee Kang Jyh 4

What Happened

Lee Kang Jyh, a director of Photronics (PLAB), exercised stock options and sold shares on April 9, 2026. The filing shows an exercise (code M) of 5,000 shares at $8.60 (acquired for $43,000) and an open-market sale (code S) of 5,000 shares at $44.00 for $220,000. The report also lists a disposal of a derivative interest in 5,000 shares at $0 (coded M, disposed).

Key Details

• Transaction date: 2026-04-09.
• Exercise: 5,000 shares @ $8.60 = $43,000 (acquired).
• Sale: 5,000 shares @ $44.00 = $220,000 (disposed).
• Derivative disposal: 5,000 shares @ $0 (disposed) as reported.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: The reported options vested in four equal annual installments, with 25% vesting on each of the first four anniversaries of the grant date (Jan 2, 2018).
• Filing timeliness: Not indicated in the provided data.

Context

This transaction combines an option exercise and an immediate sale of shares. When an insider exercises options and sells shares on the same date, it realizes the option gain; the filing’s $0 derivative disposal is not explained and could reflect a surrender, withholding, or other settlement mechanism but is not detailed here. Sales by directors can be routine (e.g., liquidity or tax events) and do not by themselves indicate a change in company outlook.