Solitron Devices (SODI) CEO Tim Eriksen Buys 8,000 Shares

What Happened

• Tim Eriksen, Solitron Devices’ CEO and a reported 10% owner, acquired 8,000 shares on 2026-08-14 at $28.50 per share, a total purchase value of $228,000. The transaction is reported as a purchase (code P) and was executed through a private agreement.

Key Details

• Transaction date and price: 2026-08-14 — 8,000 shares at $28.50 each (total $228,000).
• Buyer structure: Shares were purchased by Allens Creek Partners LP via a private agreement; purchase price was agreed prior to the purchase date and a subsequent price change (per footnote).
• Restrictions & ownership reporting: The purchased shares retain an affiliate restriction after the purchase. The filing reports beneficial interests of 240,341 shares held by Cedar Creek Partners LLC and 31,492 shares held in ECM‑managed accounts (total 271,833) — the reporting person disclaims direct beneficial ownership except to the extent of pecuniary interest.
• Filing status: Form 4 lists the transaction date and filing date as 2026-08-14, indicating a timely filing.

Context

• The shares were acquired via Allens Creek Partners LP; Eriksen Capital Management LLC (ECM), managed by Tim Eriksen, has a sub‑advisory relationship with Allens Creek (footnote). ECM is also the managing member of Cedar Creek Partners LLC and manages the noted accounts; under the advisory relationships Eriksen may be deemed to beneficially own shares held by those entities (per footnotes). This is a direct purchase rather than a sale or option exercise — purchases by insiders are often watched by investors as a more informative signal than routine sales, though filings do not state motive.