Gould Michael E 4

What Happened
Michael E. Gould, a director of Radiant Logistics, exercised 100,000 stock options on May 20, 2026 at an exercise price of $3.16 per share, resulting in an exercise cost of $316,000. The Form 4 shows 37,396 shares were withheld/disposed to satisfy tax withholding at $8.45 per share (value reported $315,996). The filing also records a derivative-related disposition entry tied to the exercise.

Key Details

• Transaction date: 2026-05-20 (reported on Form 4 filed 2026-05-22).
• Exercise: 100,000 shares acquired via option exercise at $3.16 per share (total $316,000).
• Tax withholding: 37,396 shares withheld/disposed at $8.45 per share (value $315,996).
• Net shares likely issued to insider (100,000 − 37,396): 62,604 shares (based on entries shown).
• Transaction codes: M = option exercise/conversion; F = payment of exercise price/tax liability (share withholding).
• Shares owned after transaction: not specified in the provided excerpt.
• Filing timeliness: filed May 22 for a May 20 transaction — not flagged as late in the provided data.

Context
This was an option exercise (insider converted options into common shares). Because shares were withheld to satisfy taxes, the transaction functions like a cashless exercise: the insider acquired shares but had a portion withheld for tax obligations. Such routine withholding to cover taxes is common and does not, by itself, indicate a bullish or bearish signal.