Willdan (WLDN) Director Donald Brisbin Exercises Options, Sells 4,905 Shares

What Happened

• Donald Brisbin, a director of Willdan Group, exercised 4,905 stock options on 2026-09-15 at an exercise price of $16.27 per share (cost $79,804). He then sold all 4,905 shares in open-market transactions the same day, receiving combined gross proceeds of $389,254 (4,005 shares at a weighted avg $79.01 and 900 shares at a weighted avg $80.91).
• The Form 4 also shows a separate disposition entry for 4,905 derivative shares at $0.00, which reflects surrender/conversion of the option instrument upon exercise (i.e., the options were exercised and the resulting shares were sold — effectively a cashless exercise).

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (timely filing).
• Exercise: 4,905 shares @ $16.27 = $79,804 (code M: exercise/conversion of derivative).
• Sales: 4,005 shares @ weighted avg $79.01 (prices ranged $79.00–$79.19 per footnote); 900 shares @ weighted avg $80.91 (prices ranged $80.67–$80.94 per footnote). Total proceeds ≈ $389,254.
• Derivative disposition: 4,905 shares reported disposed at $0.00 reflecting conversion/surrender of the option instrument.
• Ownership note: Filing indicates beneficial ownership includes 1,241 restricted shares that vest on June 17, 2027 (footnote F1). The filing does not disclose a complete post-transaction total share count in the summary text.
• Option background: Options exercised were granted under the Willdan Amended and Restated 2008 Performance Incentive Plan and vested in installments (Nov 3, 2017/2018/2019) per footnote F4.

Context

• This was an exercise-and-sell (cashless-style) transaction: Brisbin exercised vested options and immediately sold all resulting shares, a common way for insiders to realize gains from vested equity.
• Sales do not necessarily signal a change in view on the company; they can cover tax obligations or realize long-held gains. The filing is factual and timely.