Booth Brian Lewis 4

What Happened Brian Lewis Booth, Vice President of SONO TEK Corp. (SOTK), exercised vested stock options on May 1, 2026 (transaction code M). He exercised options to acquire 2,606 shares at $4.12 (cost reported $10,737) and 1,650 shares at $4.45 (cost reported $7,343), totaling 4,256 shares for about $18,079. Concurrently, 3,299 shares were surrendered/disposed (reported at $5.48, value $18,079) to pay for the exercise — a net increase of 957 shares to Booth’s position. Footnotes indicate the options were vested (F1) and 3,299 shares were surrendered as payment (F2).

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (file appears timely).
• Actions: Option exercises (code M); acquired 4,256 shares and disposed/surrendered 3,299 shares as payment.
• Prices/values reported: 2,606 @ $4.12 ($10,737); 1,650 @ $4.45 ($7,343); 3,299 @ $5.48 ($18,079).
• Net effect: +957 shares issued to the insider.
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Footnotes: F1 = exercised vested options; F2 = surrendered 3,299 shares to pay exercise cost.

Context This was a routine options exercise with a partial cashless settlement (surrendering shares to cover the exercise price). Such transactions are commonly administrative (exercising vested options and using some shares to cover costs) and do not by themselves indicate the insider’s market view. The filing shows both acquisition (issuance of shares via exercise) and a surrender/disposition to satisfy the exercise payment.