Garcia David R 4

What Happened

• David R. Garcia, a director of Alpha Pro Tech Ltd (APT), exercised stock-derived rights and sold shares. On 2026-05-15 he exercised options/derivatives to acquire 4,900 shares at $4.23 per share (cost $20,727) and sold 6,186 shares in an open-market trade at $5.56 per share (proceeds $34,421). The Form 4 also lists two derivative conversion/disposition entries on 2026-05-19 for 3,093 shares each with $0.00 price and $0 proceeds (the filing lists these as derivative exercises/conversions but provides no cash amount).

Key Details

• Dates & prices:
  • 2026-05-15: Exercise/Conversion (M) — acquired 4,900 shares @ $4.23; total $20,727.
  • 2026-05-15: Open-market sale (S) — disposed 6,186 shares @ $5.56; proceeds $34,421.
  • 2026-05-19: Two Exercise/Conversion (M) entries — disposed 3,093 shares @ $0.00 each; $0 proceeds (derivative).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable notes: The 5/19 entries are listed as derivative conversions with $0 proceeds; the filing does not explain the zero-price disposals (commonly these entries can reflect conversion/settlement or withholding but no explanation is given).
• Filing timeliness: Form filed 2026-05-19 for transactions beginning 2026-05-15. That filing date appears to be within the SEC’s two-business-day window for Form 4 reporting (no late‑filing flag shown).

Context

• This filing shows both an option exercise (acquisition) and an open‑market sale. Because the exercise and a sale occurred on the same day, the activity may represent a cashless exercise or immediate sale of some or all exercised shares, but the filing itself does not state the insider’s intent. The two zero-price derivative disposals on 5/19 are recorded as conversions/exercises of derivative securities; the Form 4 does not provide additional detail (e.g., tax withholding or net settlement) explaining those zero-dollar entries.