ADELMAN JASON T 4

What Happened

• Jason T. Adelman, a director of Trio-Tech International (TRT), exercised stock option/derivative awards to acquire a total of 110,094 common shares. He paid $155,200 for 40,000 shares at $3.88 and $180,142 for 70,094 shares at $2.57, for a combined outlay of $335,342.
• The filings show corresponding disposals of the derivative instruments at $0 on 5/28 and 5/29 (typical when options are converted into common shares). No open-market sale of the acquired common shares is reported in this Form 4.

Key Details

• Transactions and prices:
  • 2026-05-28: Exercised option (code M) for 40,000 shares @ $3.88 = $155,200 (acquired).
  • 2026-05-28: Exercised option (code M) for 70,094 shares @ $2.57 = $180,142 (acquired).
  • 2026-05-28: Disposition of 40,000 derivative shares @ $0 (reported as derivative conversion).
  • 2026-05-29: Disposition of 70,094 derivative shares @ $0 (reported as derivative conversion).
• Total shares acquired: 110,094; total paid: $335,342.
• Shares owned following the transactions: not disclosed on the provided summary of the filing.
• Filing: Form 4 filed 2026-06-01 (covers transactions dated 2026-05-28 and 05-29). The report does not include any 10b5-1 or tax-withholding footnotes in the provided data.
• Transaction codes: M = exercise/conversion of derivative securities; disposals at $0 indicate conversion of options into common shares rather than an open-market sale.

Context

• These entries reflect option exercises (a paid exercise where the insider paid the exercise prices), and the subsequent $0 derivative dispositions are routine reporting when options are converted into stock. There is no sale reported here, so the insider appears to have retained the resulting common shares unless a later filing shows otherwise.
• For retail investors: purchases/exercises can signal increased insider ownership, but they do not by themselves indicate future performance; consider this alongside other filings and company fundamentals.