SEACOR Marine (SMHI) EVP/CFO Jesus Llorca Exercises Options, Sells Shares

What Happened

• Jesus Llorca, EVP & CFO of SEACOR Marine Holdings, reported option exercises and an open‑market sale on 2026-08-21. He exercised 200 stock options at $4.39 per share (total cost $878) and reported an additional conversion/disposition of 200 derivative-based shares at $0. On the same date he sold 401 shares in an open‑market transaction at $10.00 per share, for gross proceeds of $4,010.
• These transactions were reported on a Form 4 filed 2026-08-25.

Key Details

• Transaction date(s): 2026-08-21; Form 4 filed: 2026-08-25 (timely filing).
• Exercises: 200 shares acquired at $4.39 each (total $878).
• Derivative disposition: 200 shares reported at $0.00 (derivative conversion).
• Sale: 401 shares sold at $10.00 each, proceeds $4,010.
• Shares owned after the transactions: not specified in the provided excerpt.
• Footnotes: the option exercise (200 shares) and the sale of 401 shares occurred automatically under a Rule 10b5‑1 trading plan adopted March 12, 2026. The underlying options vested in three equal installments on March 4, 2021; March 4, 2022; and March 4, 2023.

Context

• The filing shows option exercises and an open‑market sale on the same day. That pattern is commonly associated with cashless exercises or pre‑planned dispositions under a 10b5‑1 plan, but the Form 4 itself does not state the exact sequencing or whether exercised shares funded the sale.
• These transactions were executed under a 10b5‑1 plan (automated), which is a routine mechanism insiders use to schedule trades and does not, by itself, indicate the insider’s view of the company.