Lee Kang Jyh 4

What Happened

• Director Lee Kang Jyh exercised stock options to acquire 5,000 shares at an exercise price of $8.60 per share (cost $43,000) on April 13, 2026. The same day he sold 5,000 shares in an open-market transaction at $45.00 per share, generating $225,000.
• The Form 4 also reports a separate derivative disposition of 5,000 shares recorded at $0.00 on April 13, 2026. The filing does not provide additional detail about that $0.00 disposition.

Key Details

• Transaction date: April 13, 2026; Form 4 filed April 15, 2026 (timely — within the 2-business-day window).
• Exercise: 5,000 shares acquired at $8.60 each (total $43,000).
• Sale: 5,000 shares sold at $45.00 each (total proceeds $225,000).
• Derivative disposition: 5,000 shares recorded at $0.00 (no cash amount reported).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 notes the reported options vested in four equal annual installments beginning January 2, 2018 (25% each year).
• No 10b5-1 plan or tax-withholding details are indicated in the excerpt.

Context

• The exercise and same-day sale suggest the options were exercised and the shares were immediately sold (commonly a cashless exercise or immediate disposition), but the filing does not state the exact mechanism.
• The separate derivative disposition at $0.00 may reflect withholding, surrender, or other internal settlement related to the exercise; the Form 4 does not specify the reason, so no inference about motivation should be drawn.