Bibisi Ray Michael 4

What Happened
Bibisi Ray Michael, President and COO of R F Industries Ltd (RFIL), had a total of 300 shares disposed via share withholding to satisfy exercise price or tax liabilities. The disposals were: 35 shares at $11.83 ($414) and 140 shares at $11.83 ($1,656) on 2026-04-11, and 125 shares at $12.25 ($1,531) on 2026-04-13 — totaling approximately $3,601. These transactions are tax/withholding-related dispositions (routine), not open-market sale purchases.

Key Details

• Transaction dates and prices: 2026-04-11 — 35 & 140 shares at $11.83; 2026-04-13 — 125 shares at $12.25.
• Total shares disposed: 300; approximate total value: $3,601.
• Type: Code F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Form 4 filed 2026-04-14. No late filing flag indicated.

Context
Code F usually means shares were withheld or surrendered to cover taxes or the cost to exercise options (a cashless/withholding action). This is generally a routine administrative transaction and does not necessarily signal an intent to sell stock on the open market.