Garcia David R 4

What Happened

David R. Garcia, a director of ALPHA PRO TECH LTD (APT), reported a set of option-exercise and sale transactions. On 2026-05-15 he exercised/converted options to acquire 4,900 shares at $3.99 per share for a total cost of $19,551. The filing also shows an open-market sale of 4,900 APT shares on 2026-05-14 at $5.88 per share, generating $28,788. The filing includes three derivative disposal line items (1,633; 1,633; 1,634 shares) at $0.00 that sum to 4,900 shares and are reported in connection with the exercise.

Key Details

• Transaction dates: sale on 2026-05-14; exercise/conversion on 2026-05-15. Form 4 filed 2026-05-18.
• Prices and amounts:
  • Sold 4,900 shares @ $5.88 = $28,788 (open market sale, 2026-05-14).
  • Exercised/converted options to acquire 4,900 shares @ $3.99 = $19,551 (2026-05-15).
  • Three derivative disposals reported on 2026-05-15: 1,633, 1,633 and 1,634 shares at $0.00 (total 4,900).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding or other footnotes were included in the provided details.
• Filing timeliness: Form 4 was filed on 2026-05-18 covering activity on May 14–15; this filing date is within the normal two-business-day window for Form 4 reporting.

Context

• The "M" transaction code indicates option exercise/conversion. The zero-price derivative disposals (1,633/1,633/1,634) total 4,900 shares and commonly reflect shares surrendered or settled as part of the exercise (for example, to cover exercise costs or taxes), though the filing excerpt does not state the exact reason.
• The sequence shows both an exercise (a purchase of shares via options, often seen as a neutral-to-bullish action depending on intent) and an open-market sale. Sales by insiders can be routine (liquidity/tax reasons); the filing alone does not explain motivation.