Halverson Kenneth 4

What Happened
Kenneth Halverson, a director of Richardson Electronics, exercised stock options on May 5, 2026 and sold 10,000 shares in an open-market transaction the same day. The filing shows he acquired 5,000 shares at $9.10 (cost $45,500) and 5,000 shares at $7.66 (cost $38,300). He sold 10,000 shares at a weighted average price of $14.69 for proceeds of $146,942. The report also lists two 5,000-share derivative dispositions at $0.00 each (total 10,000 shares) in connection with the exercise.

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-07 (timely filing).
• Purchases via exercise: 5,000 shares @ $9.10 ($45,500) and 5,000 shares @ $7.66 ($38,300).
• Open-market sale: 10,000 shares @ weighted avg $14.69, proceeds $146,942 (sales ranged $14.62–$14.89; see footnote).
• Derivative dispositions: two entries of 5,000 shares @ $0.00 (total 10,000) reported as exercise/conversion (M).
• Shares owned after the reported transactions: not included in the provided excerpt.
• Footnotes: F1 = weighted average sale price (range $14.62–$14.89). F2/F3 = options vest immediately upon grant (8/20/2018 and 7/19/2021).

Context
“M” transactions indicate option exercise/conversion. The filing shows exercises and same-day sales — a pattern consistent with a cashless exercise or sale following exercise. The $0.00 dispositions typically represent shares surrendered/withheld in connection with an exercise (for taxes or to cover exercise cost), per common reporting practice; the filing’s footnotes confirm the options vested immediately when granted. No indication of a late filing was provided.