Richardson Electronics (RELL) Director James Benham Exercises Options, Sells Shares

What Happened

• James Benham, a director of Richardson Electronics (RELL), exercised stock options on Aug 3, 2026 to acquire a total of 9,836 shares (4,836 shares at $15.60 and 5,000 shares at $15.51), paying about $152,992 in exercise cost. He then sold all 9,836 shares in an open-market sale at $18.50 each, generating gross proceeds of $181,966. The transactions are coded as M (option exercise) and S (sale).

Key Details

• Transaction date: 2026-08-03; filing date: 2026-08-05 (appears filed within two business days).
• Exercise details: 4,836 shares @ $15.60 = $75,442; 5,000 shares @ $15.51 = $77,550; total exercise cost ≈ $152,992.
• Sale details: 9,836 shares @ $18.50 = $181,966 (open-market sale).
• Net proceeds (gross sale minus exercise cost) ≈ $28,974 (does not account for taxes/fees).
• Derivative entries showing $0.00 disposed reflect the option instruments were exercised/terminated.
• Footnotes: F1 — options vested immediately on 7/18/2022; F2 — options vested immediately on 7/17/2023.
• Shares owned after transaction: Not specified in the provided filing.

Context

• This was an option exercise followed by an immediate sale of the resulting shares (a common, often routine way for insiders to monetize vested options). The filing shows a director-level transaction—informative for monitoring insider activity but not the same as a 10% owner transaction. The numbers above are from the Form 4; they are factual and do not imply motivation.