ONEIL DAVID A 4

What Happened

• David A. Oneil, President & CEO (and Director) of Espey Mfg & Electronics Corp (ESP), exercised stock options to acquire 7,675 shares and sold shares the same day. He exercised: 2,250 shares @ $26.25 (≈ $59,063), 2,925 shares @ $21.75 (≈ $63,619), and 2,500 shares @ $27.21 (≈ $68,025) for a combined exercise cost of about $190,707. On Feb 13, 2026 he sold a total of 8,856 shares in open-market transactions at $50.00 per share for gross proceeds of $442,800.
• The pattern shows options were exercised and shares were sold the same day (cashless-style transaction), so this is primarily a sale rather than a new, long-term buy signal.

Key Details

• Transaction date: Feb 13, 2026; Form 4 filed Feb 17, 2026 (filed within the required two business days).
• Exercise details: 7,675 shares exercised at weighted costs totaling ≈ $190,707 (see per-lot prices above).
• Sales: 8,856 shares sold in open market at $50.00 each for gross proceeds of $442,800.
• Shares reported owned (footnote): Oneil owns 15,544 shares of common stock in his ESOP account. The filing does not state a broader total beneficial ownership beyond this footnote.
• No 10b5-1 plan, tax-withholding, or late-filing flags are noted in the provided footnotes.

Context

• For retail investors: exercising options then selling the acquired shares is common for executives to capture option value or cover tax/exercise costs. It does not necessarily indicate a change in the CEO’s longer-term view of the company.
• Derivative code M here means option exercise; because sales occurred same day, this resembles a cashless exercise (exercise followed by immediate sale).