SMITH TRACY G 4

What Happened
Tracy G. Smith, Senior Vice President and Chief Financial Officer of Optical Cable Corp (OCC), surrendered 4,341 shares on January 31, 2026 to cover taxes due on previously granted restricted shares. The shares were valued at $4.93 each, for a total of $21,401. This was a tax-withholding (code F) cashless surrender of shares, not an open-market sale.

Key Details

• Transaction date: 2026-01-31; Filing date (Form 4): 2026-02-03. The filing was submitted shortly after the transaction and does not appear to be late.
• Price per share: $4.93; Shares surrendered: 4,341; Total value: $21,401.
• Shares owned after transaction: not specified in the information provided in this summary/Form 4 excerpt.
• Footnote: The 4,341 shares were surrendered under the Company's 2017 Stock Incentive Plan to cover taxes currently due on previously granted restricted shares (cashless/withholding event).
• Transaction code: F — payment of exercise price or tax liability (in this case, tax withholding).

Context
Tax-withholding surrenders are routine when restricted stock vests and do not necessarily indicate the insider's market view. This is an administrative disposition to satisfy tax obligations rather than an active sale for cash — purchases or open-market sales typically carry more informational weight for investors.