WOOL MICHAEL W 4

What Happened

• Michael W. Wool, a director of Espey Mfg & Electronics Corp. (ESP), exercised options on January 27, 2026 and acquired 2,000 shares at an exercise price of $21.75 per share (cost $43,500). The filing shows a simultaneous disposition of the same 2,000 shares at $21.75 per share, with proceeds of $43,500. This sequence is consistent with an option exercise followed by an immediate sale (often a cashless exercise), rather than a net purchase.

Key Details

• Transaction date: 2026-01-27
• Exercise price / sale price: $21.75 per share
• Shares exercised/acquired: 2,000 (total cost $43,500)
• Shares sold/disposed: 2,000 (proceeds $43,500)
• Shares owned after transaction: Not specified in the Form 4
• Filing date: 2026-01-29 (filed two days after the transaction; appears timely)
• Transaction code: M = exercise or conversion of derivative security; disposal recorded as a derivative disposition

Context

• The paired acquisition and disposition typically indicates a cashless exercise or immediate sale to cover exercise costs or taxes; the filing does not state a 10b5-1 plan or tax-withholding arrangement. As with all insider trades, this is factual reporting of transactions and should not be taken alone as a directional signal about company prospects.