RELL CFO Ben Robert J Exercises Options, Sells 9,000 Shares

What Happened
Ben Robert J, Chief Financial Officer (also CAO and Corporate Secretary) of Richardson Electronics, exercised stock options to acquire 9,000 shares and sold 9,000 shares in an open-market transaction on August 4, 2026. He exercised 8,000 options at $15.60 each (cost $124,800) and 1,000 options at $15.51 each (cost $15,510), for a total exercise cost of $140,310. He then sold 9,000 shares at $21.61 each, generating proceeds of $194,490 (gross proceeds exceed exercise cost by $54,180).

Key Details

• Transaction date: August 4, 2026; Form 4 filed August 6, 2026 (timely filing).
• Option exercises (acquisitions): 8,000 shares @ $15.60 = $124,800; 1,000 shares @ $15.51 = $15,510.
• Open-market sale (disposition): 9,000 shares @ $21.61 = $194,490.
• Derivative entries showing disposals at $0.00 reflect the option instruments being exercised/cancelled upon exercise.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 — options vest 20% per year beginning 7/18/2023; F2 — options vest 20% per year beginning 7/17/2024.

Context

• This was an exercise of options followed by an immediate sale of the acquired shares (a cashless-like outcome): the insider converted options into common shares and sold those shares the same day.
• Sales by insiders can be routine (covering option costs, taxes, or diversification) and do not by themselves indicate company outlook; purchases generally carry more weight as bullish signals.