Niew Jeffrey 4

What Happened

• Jeffrey Niew, President & CEO and Director of Knowles Corporation, exercised options on 2026-05-05 to acquire 142,857 shares at $16.77 per share (exercise cost/value = $2,395,712). The same day he sold 142,857 shares in an open-market transaction for a weighted average price of $33.25 per share (gross proceeds = $4,749,995). The Form 4 also lists a derivative "disposed" entry for 142,857 shares related to the exercise. This combination of an option exercise followed by an immediate sale is effectively a monetization (cashless exercise) of the option position rather than a straight purchase.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (timely filing).
• Exercise: 142,857 shares @ $16.77 → $2,395,712 (acquired).
• Open-market sale: 142,857 shares @ weighted avg $33.25 → $4,749,995 (disposed).
• Footnote: sale prices ranged from $33.01 to $33.55; weighted average reported. The filer offers to provide a per-trade breakdown on request (Footnote F1).
• Derivative note: the filing also shows the exercised shares as "disposed" under a derivative entry; such entries often relate to shares transferred to cover exercise costs or taxes (filing text only — no further detail provided).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• For retail investors: exercises followed by immediate sales are common ways for insiders to monetize option gains; they do not necessarily signal a change in view about the company. Purchases are generally more informative as bullish signals; this filing documents a conversion of options to cash. The filing appears timely (filed two days after the transaction).