Burgess John 4

What Happened

• John Burgess, a director of Taylor Devices, exercised stock options on 2026-04-13 to acquire 5,000 common shares at an exercise price of $16.40 per share, costing $82,000. As part of the transaction, 1,574 shares were surrendered/withheld to cover taxes and/or exercise-related liabilities at a reported value of $52.11 per share (≈ $82,016). The option instruments were recorded as disposed/converted (reported at $0) as part of the exercise.
• Net effect: Burgess acquired 5,000 shares and surrendered 1,574, for a net increase of 3,426 shares outstanding to him.

Key Details

• Transaction date: 2026-04-13; Form 4 filed 2026-04-15 (appears timely).
• Exercise (code M): 5,000 shares acquired @ $16.40 = $82,000.
• Tax withholding / payment (code F): 1,574 shares disposed @ $52.11 = $82,016.
• Derivative disposition: 5,000 option units marked disposed @ $0.00 — reflects conversion/settlement of the options on exercise.
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan or other special instructions noted in this summary.

Context

• This was an options exercise with partial share withholding to satisfy tax/exercise liabilities (a common cashless-style outcome). The surrender of shares to cover taxes is routine and does not by itself indicate a bearish or bullish view.
• For retail investors, purchases or net increases in shares (here a net +3,426) are more informative than routine withholding; still, insider motives are not disclosed in Form 4s.