SLDE Director Stephen Rohde Exercises Options and Sells 7,500 Shares

What Happened

• Director Stephen L. Rohde exercised stock options and immediately sold the resulting shares on 2026-09-14. He exercised 7,500 shares at $1.38 per share (total cost $10,350) and sold 7,500 shares in an open-market sale at $26.40 per share for $198,000. The filing also lists a 7,500-share derivative disposition reported at $0.00.
• The net effect: Rohde converted options into shares and sold those shares the same day — an exercise followed by an immediate sale.

Key Details

• Transaction date: 2026-09-14; Form 4 filed: 2026-09-16 (filed within the normal two-business-day window).
• Exercise (code M): 7,500 shares at $1.38 each — $10,350 total outlay.
• Sale (code S): 7,500 shares at $26.40 each — $198,000 gross proceeds.
• Additional derivative line: 7,500 shares reported disposed at $0.00 (reported as part of the exercise/conversion entries).
• Footnote: The stock options exercised were fully vested and exercisable.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This is effectively a cashless exercise: options were exercised and the resulting shares were sold the same day, converting option value into cash.
• Such transactions are common for insiders realizing gains from vested options and do not by themselves indicate future company performance.