Willdan (WLDN) Director Thomas Brisbin Exercises Options, Sells Shares

What Happened

• Thomas Donald Brisbin, a director of Willdan Group, exercised stock options and immediately sold the resulting shares. On Sept 3, 2026 he exercised/converted 58,757 shares at an exercise price of $16.27 (cost reported $955,976) and sold those 58,757 shares in open-market transactions at a weighted average price of $88.14 for total proceeds of $5,178,842. The filing also shows a reported disposal of 58,727 derivative securities at $0.00, which reflects the conversion/settlement of the exercised options.

Key Details

• Transaction date: 2026-09-03; Form 4 filed: 2026-09-04 (timely filing).
• Exercise: 58,757 shares at $16.27, reported aggregate cost $955,976.
• Sale: 58,757 shares sold, weighted average price $88.14, total proceeds $5,178,842. (Sales occurred at prices ranging $88.05–$88.49; the weighted average is reported.)
• Derivative disposition: 58,727 units reported disposed at $0.00 — reflects conversion/settlement of option rights.
• Shares owned after the transactions: not specified in the excerpt provided.
• Footnotes: F1 notes 1,241 restricted shares that vest June 17, 2027; F3 confirms the options were granted under the company’s incentive plan and vested in installments in 2017–2019; F2 explains the weighted-average sale price and offers to disclose per-price details on request.

Context

• This appears to be a cashless exercise: Brisbin exercised previously vested options and sold the acquired shares the same day, realizing net proceeds. Such transactions are common for option holders to cover exercise costs, taxes, or to diversify; they are factual disclosures, not statements of intent or sentiment.