HOLLAND JOHN M 4

What Happened

• John M. Holland, a director of Optical Cable Corp (OCC), surrendered 2,513 shares on 2026-05-03 to cover taxes related to previously awarded restricted shares. The shares were valued at $11.00 each, totaling $27,643. This was a tax-withholding/share-surrender transaction (not an open-market sale).

Key Details

• Transaction date and filing: transaction occurred 2026-05-03; Form 4 filed 2026-05-04 (appears timely).
• Price and value: 2,513 shares at $11.00/share = $27,643 disposed.
• Transaction code: F (payment of exercise price or tax liability). Footnote F1: shares surrendered under the Company’s 2017 Stock Incentive Plan to cover taxes due on previously granted restricted shares.
• Shares owned after transaction: not specified in the provided filing.

Context

• This was a withholding/surrender of shares to satisfy tax obligations on restricted stock — a routine administrative transaction rather than a market sale or a new purchase indicating investment intent. Such transactions are common when restricted shares vest and taxes are due.