Syntec Optics CEO Alok Kapoor Gifts 1,000,000 Shares

What Happened

• Alok Kapoor, Chairman & CEO (and a director) of Syntec Optics Holdings, Inc. (OPTX), disposed of 1,000,000 shares of Class A Common Stock on 2026-09-18 as a gift. The shares were transferred at $0.00 per share (total proceeds $0). This was a gift (disposition) rather than a sale or purchase.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-21.
• Transaction type/code: Gift (G).
• Shares transferred: 1,000,000 Class A common shares; price reported $0.00; total value $0.
• Shares owned after transaction: Not specified in the information provided.
• Footnote: The shares were gifted to irrevocable trusts for which Mr. Kapoor does not exercise or share voting or investment control; he disclaims beneficial ownership of the securities held by the trusts (see footnote F1).
• Timeliness: Filing date is 2026-09-21 for a 2026-09-18 transaction; the filing does not state that it was late.

Context

• Gifts by insiders are commonly used for estate or tax planning and do not necessarily signal confidence or concern about the company’s outlook. The filer explicitly disclaims beneficial ownership of the shares held by the trusts, indicating the transfer was intended to remove control/ownership from the reporting person.