Ruppert Jens Frank 4

What Happened

• Jens Ruppert, Executive Vice President (Canvys) at Richardson Electronics (RELL), exercised a total of 17,000 stock options on Jan 27, 2026 and sold 17,000 shares in open-market trades the same day.
• He exercised: 6,000 options at $9.10 ($54,600), 2,000 at $5.61 ($11,220), 5,000 at $4.26 ($21,300), and 4,000 at $7.66 ($30,640) — total exercise cost reported $117,760.
• He sold: 8,000 shares at $12.19 ($97,491), 7,900 at $12.00 ($94,800), and 1,100 at $11.99 ($13,189) — total gross sale proceeds $205,480. Net proceeds before fees/taxes ≈ $87,720.
• The filing also lists corresponding derivative-disposition lines at $0, which reflect the exercise/conversion of the options (see Key Details).

Key Details

• Transaction date: January 27, 2026.
• Option strike prices exercised: $9.10, $5.61, $4.26, $7.66; sale prices: $12.19, $12.00, $11.99.
• Shares acquired via exercise: 17,000. Shares sold in open market: 17,000.
• Shares owned after the transactions: not stated in the provided filing details.
• Footnotes: options vest 20% per year (four separate grants with vesting start dates 8/20/2019, 7/22/2020, 7/21/2021, 7/19/2022).
• Filing date: January 29, 2026 (reports transactions from Jan 27, 2026); filing is not marked late in the information provided.

Context

• This was an options exercise followed by immediate open-market sales of the resulting shares — a cashless-type outcome where exercised shares were sold the same day.
• For retail investors: exercises followed by sales are often routine compensation/events; the filing shows the mechanics (exercise cost vs. sale proceeds) but does not on its own indicate a change in company outlook.