Lewandowski Jason 4

What Happened

• Jason Lewandowski, COO of TAT Technologies Ltd. (TATT), exercised 3,125 fully vested stock options at $6.59 per share and simultaneously sold those 3,125 shares in a same-day exercise-and-sale (cashless) transaction.
• Exercise cost: $6.59 × 3,125 = $20,594. Sale proceeds: $41.14 × 3,125 = $128,563. Net proceeds to Mr. Lewandowski (before taxes and commissions), representing the spread, were approximately $107,965. The reporting person did not retain any shares from this transaction.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (timely).
• Option exercise: 3,125 shares at $6.59 (Transaction code M).
• Open-market sale: 3,125 shares at $41.14 (Transaction code S); total sale $128,563.
• Net proceeds (before taxes/commissions): ≈ $107,965 (spread between sale and exercise prices).
• Shares retained after transaction: reporting person did not retain the exercised shares; still holds 6,250 unvested options (vesting 3,125 on Sept 1, 2026 and 3,125 on Dec 1, 2026), subject to continued employment.
• No 10% owner or 10b5-1 plan noted; no indication the filing was late.

Context

• This was a same-day (cashless) exercise-and-sale: options were exercised and the resulting shares were immediately sold, so the transaction realizes option value rather than adding to open-market ownership. Such transactions are common for option exercises and do not necessarily indicate a change in insider sentiment.