Offerman Dave 4/A
4/A · IEH Corp · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
IEH Corp (IEHC) CEO Dave Offerman Exercises Options, Surrenders Shares
What Happened
Dave Offerman, Chairman of the Board, President & CEO and a director of IEH Corp (IEHC), exercised 46,217 options effective 2025-06-30. The exercise reflected an aggregate exercise value of $277,302 (46,217 shares × $6.00). To cover the exercise price and/or tax withholding, 29,190 shares were surrendered at $9.50 per share (value $277,305). After the net settlement, he received approximately 17,027 net shares. This filing is an amendment correcting the reported post-transaction holdings.
Key Details
- Transaction date: 2025-06-30 (reported on an amended Form 4 filed 2026-03-10; original Form 4 filed July 1, 2025).
- Option exercise: 46,217 shares @ $6.00 = $277,302 (code M).
- Shares surrendered to satisfy exercise/taxes: 29,190 shares @ $9.50 = $277,305 (code F; footnote F1: surrendered to satisfy exercise price/tax liability).
- Additional line reports the derivative conversion (46,217 shares @ $0.00) as part of the exercise reporting.
- Shares beneficially owned after transaction: 407,127 common shares (footnote F2: this amended filing corrects a previously misstated 407,027 figure).
- Filing status: This is an amended Form 4 (correction); the original was timely (filed July 1, 2025); the amendment was submitted 2026-03-10 to correct ownership reporting.
Context
This was an option exercise with a net-share (cashless) settlement: some exercised shares were surrendered to satisfy the exercise price and tax withholding rather than an open-market sale or cash payment. Such routine exercises do not necessarily indicate a change in the insider’s view of the company; they are commonly used to monetize option value or satisfy tax and cost obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01per share
2025-06-30$6.00/sh−46,217$277,302→ 436,317 total - Tax Payment
Common Stock, par value $0.01 per share
[F1][F2]2025-06-30$9.50/sh−29,190$277,305→ 407,127 total - Exercise/Conversion
Options to purchase common stock, par value $0.01 per share
2025-06-30−46,217→ 250,000 totalExercise: $6.00From: 2015-07-01Exp: 2025-07-01→ Common stock, par value $0.01 per share (46,217 underlying)
Footnotes (2)
- [F1]Shares surrendered by reporting person to satisfy the exercise price associated with the exercise of the options described in Table II of this Form 4.
- [F2]In the original filing of this Form 4 filed on July 1 ,2025, the number of Securities beneficially owned following the reported transaction was incorrectly stated as 407,027 shares. The correct number should have been 407,127 shares of common stock.