Arteaga Ivan 4

What Happened

Ivan Arteaga, a director of M-tron Industries, exercised subscription rights (an in‑the‑money derivative) to acquire a total of 1,068 shares of M-tron common stock. The Form 4 shows three transactions: 174 shares acquired on 2026-04-10 at $59.00 each ($10,266), 870 shares recorded on 2026-04-13 as a derivative line with $0 cash shown, and 24 shares acquired on 2026-04-27 at $59.00 each ($1,416). Cash paid for the transactions with a listed exercise price totals $11,682.

Key Details

• Transaction dates and prices:
  • 2026-04-10: 174 shares @ $59.00 — $10,266 paid.
  • 2026-04-13: 870 shares recorded as derivative @ $0.00 (see footnotes).
  • 2026-04-27: 24 shares @ $59.00 — $1,416 paid.
• Total shares acquired: 1,068 shares; total cash paid for lines showing price: $11,682.
• Footnotes: On March 30, 2026 the company issued subscription rights (one Right per share held as of March 27). Five Rights entitle the holder to buy one share at $59.00; an Over‑Subscription Privilege allowed holders to acquire additional shares if other holders did not exercise fully. The filing indicates some shares were purchased pursuant to that Over‑Subscription Privilege.
• Shares owned after the transactions: not disclosed in the provided excerpt.
• Timeliness: The Form 4 was filed on 2026-04-29. Some transactions (e.g., 4/10 and 4/13) were reported well after the SEC’s typical two‑business‑day window for Form 4s, so those earlier trades appear to have been reported late.

Context

• These were exercises of subscription rights issued to existing shareholders (not open‑market buys or sales). Rights exercises convert the right to buy new shares at a set price into actual shares; purchases at $59 were paid in cash. The 870 shares shown at $0 in the filing are tied to the rights/derivative reporting and the company’s footnotes (including over‑subscription results).
• For retail investors: purchases by insiders can be informative, but exercises of issued subscription rights are often routine when rights are distributed to holders. The late reporting of some transactions is a filing/timeliness issue to note.