WARSHAW STEVEN T 4

What Happened

Steven T. Warshaw, a director of Park Aerospace Corp (PKE), exercised stock options on 2026-06-09 (Form 4 Code M) to acquire 3,500 common shares at an exercise price of $11.06 per share, for a total cash outlay of $38,710. The same filing also reports a simultaneous disposition of 3,500 derivative shares with $0.00 consideration.

Key Details

• Transaction date: 2026-06-09. Exercise reported under Code M (option exercise/conversion).
• Acquired: 3,500 shares at $11.06 each — total $38,710.
• Disposed: 3,500 derivative shares at $0.00 consideration (reported separately in the filing).
• Shares owned after the transaction: not disclosed in this filing.
• Footnote: F1 — the option vests 25% at the indicated date and an additional 25% on each of the next three anniversaries (standard multi-year vesting).
• Filing timeliness: reported same day as the transaction; no late filing indicated.

Context

This was an option exercise (not an open-market buy or sale). The $0.00 disposition line commonly reflects share withholding or a net settlement mechanism used to cover taxes or exercise costs, but the filing does not state the specific reason. Option vesting is staggered over four years per the footnote, meaning additional portions may become exercisable annually.