Offerman Dave 4/A

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.