Biles Linda M 4

What Happened Linda M. Biles, Executive Vice President - Finance of M-tron Industries (MPTI), sold 306 shares in an open-market/private sale on 2026-05-04 at $66.78 per share, yielding approximately $20,435. This sale was made to satisfy tax withholding related to the vesting of restricted stock and is a routine sell-to-cover transaction rather than a discretionary sale for investment purposes.

Key Details

• Transaction date and price: 2026-05-04 at $66.78 per share.
• Shares sold: 306; gross proceeds reported as $20,435.
• Reason (Footnote F1): Sale was to satisfy tax withholding obligations tied to the vesting of 1,029 restricted shares on April 30, 2026. (Tax-withholding sell-to-cover.)
• Related note (Footnote F2): Issuer stock options vest 30% on 4/4/2026, 30% on 4/4/2027, and 40% on 4/4/2028.
• Shares owned after the transaction: not disclosed in the provided summary.
• Filing timeliness: Form 4 filed 2026-05-06 for a 2026-05-04 transaction — appears timely (Form 4 is typically due within 2 business days).

Context Sell-to-cover transactions are common when restricted stock vests and do not necessarily signal a change in the insider’s view of the company. This report relates to tax withholding for RSU vesting; no option exercise or large, discretionary sale is indicated by this filing.