HOLLAND JOHN M 4

What Happened

• John M. Holland, a director of Optical Cable Corporation (OCC), was granted 3,733 common shares on 2026-06-16 as an award (transaction code A). The shares were issued as the stock portion of his annual board retainer and were recorded at a trading price of $13.393 per share, representing a retainer value of approximately $50,000. The filing lists the acquisition price as $0.00 because this was an award/grant.

Key Details

• Transaction date: 2026-06-16; SEC filing date: 2026-06-18.
• Grant details: 3,733 shares issued under the Optical Cable Corporation 2017 Stock Incentive Plan (as amended).
• Valuation: Retainer value ~$50,000 based on $13.393 per share; filing shows acquisition price $0.00 (award).
• Vesting/forfeiture: The 3,733 shares are subject to forfeiture and will fully vest on June 17, 2027 (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing was made two days after the transaction (no late-reporting flag indicated in the provided information).

Context

• This was a compensatory grant (routine board retainer paid in stock), not an open-market purchase or sale. Such awards are common compensation for directors and do not by themselves indicate the director is buying or selling based on company outlook.
• Because the shares are subject to forfeiture until vesting next year, Holland cannot immediately sell these shares unless the forfeiture conditions lapse.