Drafts William Arnold 4/A

What Happened

• William Drafts, President of M-tron Industries (MPTI), exercised in‑the‑money derivatives on Dec 19 and Dec 23, 2025, acquiring a total of 4,446 shares. Of those, 741 shares were acquired at $47.50 each for a cash outlay of $35,198 (reported as $9,548 on 12/19 for 201 shares and $25,650 on 12/23 for 540 shares). An additional 3,705 shares were recorded as acquired at $0.00 (derivative conversions). He also disposed of 3 shares on 12/19 (reported as $0.00).

Key Details

• Transaction dates and amounts:
  • 2025-12-19: Acquired 201 shares @ $47.50 ($9,548); acquired 1,005 shares @ $0.00 (derivative); disposed 3 shares @ $0.00.
  • 2025-12-23: Acquired 540 shares @ $47.50 ($25,650); acquired 2,700 shares @ $0.00 (derivative).
• Total acquired: 4,446 shares (741 paid at $47.50 totaling $35,198; 3,705 at $0.00). Total disposed: 3 shares.
• Shares owned after transaction: Not disclosed in this filing.
• Filing status: This is an AMENDED Form 4 filed April 7, 2026, covering transactions dated Dec 19–23, 2025 (the filing is late relative to the transaction dates).
• Footnotes of note:
  • F1: A granted stock option vests 30% on 4/4/2026, 30% on 4/4/2027, and 40% on 4/4/2028.
  • F2: On April 25, 2025 the company issued warrants (one per share held as of 3/10/25); five warrants permit purchase of one share at $47.50 (subject to adjustment).

Context

• The filing reports exercises/conversions of derivatives (including warrant exercises consistent with footnote F2) rather than open‑market buys. There is no indication in this Form 4 that the newly acquired shares were immediately sold (i.e., no cashless exercise/sale was reported aside from the small 3‑share disposal).
• Purchases or exercises by insiders can be informative to investors, but this filing was amended and submitted well after the December transaction dates; also the presence of $0.00 cost entries suggests derivative conversions or non‑cash issuances rather than standard cash purchases.