George Chad Michael 4/A

What Happened

• George Chad Michael, CEO, President and a director of Optex Systems Holdings, was granted 10,000 shares of common stock on August 11, 2025 (award reported at $0.00 per share). Of those shares, 2,965 were withheld to satisfy tax withholding obligations, recorded as a disposition (Code F) at $12.84 per share for a total of $38,071. Net shares received by the insider were 7,035 (10,000 granted − 2,965 withheld). This filing is an amendment to reflect the shares withheld for taxes.

Key Details

• Transaction date: 2025-08-11.
• Grant: 10,000 shares awarded at $0.00 per share (Code A).
• Withholding: 2,965 shares withheld for taxes (Code F) at $12.84/share, total $38,071.
• Net shares received: 7,035 shares after withholding.
• Filing: Amended Form 4 filed 2026-03-13 to report the tax withholding (the amendment updates beneficial ownership).
• Notes: Code F = shares withheld to satisfy tax obligations.

Context

• This was an equity award (not an open-market purchase or sale). The withholding of shares to cover taxes is a common, administrative step following a grant (similar to a cashless exercise) and does not necessarily indicate a buy or sell signal.
• The amendment was filed several months after the transaction to correct/report the withholding; retail investors should note the timing but not infer intent from routine tax withholding.