Matson Mark 4

What Happened

• Mark Matson, listed as a 10% owner of Solitron Devices, acquired 5,000 shares on 2026-03-11. The reported acquisition value is $106,100 based on a weighted average price of $21.22 per share. The market/share price on the exercise date was $24.50, meaning the purchase price was below that market price.

Key Details

• Transaction date: 2026-03-11 (Form filed 2026-03-12 — timely).
• Reported acquisition: 5,000 shares at $21.22 per share; total reported value $106,100.
• Transaction code: J (other acquisition/disposition); filing notes this was effected under terms of Mr. Matson’s employment purchase right.
• 10b5-1 plan adoption date: 08-13-2025 (footnote F1).
• Employment agreement detail (footnote F2): effective 08-13-2025, Matson may purchase up to 5,000 shares each quarter at the quarter’s weighted average price for a 30-day window after quarter end; weighted average for Solitron’s Q4 FY2026 was $21.22.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This was a purchase under an employment/plan arrangement (not an open‑market buy). Purchases are generally more informative than sales, but this transaction reflects exercising a contractual purchase right under a pre-established 10b5‑1 plan rather than discretionary market timing.
• The purchase price ($21.22) was below the reported market price on the exercise date ($24.50), implying an immediate paper gain, but the filing provides no statement of intent or further trading.