Willdan (WLDN) Director Thomas Brisbin Exercises Options, Sells 3,439 Shares

What Happened
Thomas Brisbin, a director of Willdan Group, exercised 3,439 stock options on 2026-09-08 at $16.27 per share (cost $55,953) and sold those 3,439 shares in open-market transactions at a weighted average price of $88.19 for total proceeds of $303,285. A derivative-disposition line on the Form 4 reflects the extinguishment/conversion of the options in connection with the exercise. Net proceeds (sale minus exercise cost) were roughly $247,332 before taxes and fees.

Key Details

• Transaction date: 2026-09-08; Form 4 filed 2026-09-09 (filed the day after the transactions).
• Exercise: 3,439 shares at $16.27 each = $55,953 (code M).
• Sale: 3,439 shares sold at weighted avg $88.19 = $303,285 (code S); sale prices ranged $88.18–$88.25 (see footnote F2).
• Net proceeds: ~ $247,332 (303,285 − 55,953).
• Shares owned after transaction: not specified in the provided extract; footnote F1 notes ownership includes 1,241 restricted shares that vest on June 17, 2027.
• Footnotes: F3 indicates the options were granted under the company’s 2008 Performance Incentive Plan and vested in installments in 2017–2019. F2 provides the per-price range for the sale and offers to disclose exact breakdowns on request.

Context
This was an exercise of vested options followed by an immediate sale of the resulting shares — commonly a cashless exercise to realize gains and cover exercise/tax costs. Such director stock sales are routine and do not by themselves indicate a change in company outlook.