Lang Scott A. 4

What Happened

• Scott A. Lang, President, CEO and Director of Anterix (ATEX), exercised two stock option tranches on June 15, 2026 to acquire a total of 138,318 shares (63,788 and 74,530 shares).
• Exercise prices were $30.99 and $34.96 (total exercise cost shown as $4,582,359). The company withheld 39,621 and 48,470 shares, respectively, at $82.50/share to cover the exercise price and tax withholding — a withholding value of about $7,267,508. After withholding, Lang received a net of 50,227 shares.

Key Details

• Transaction date: 2026-06-15; Form filed 2026-06-17 (filed within the typical two-business-day Form 4 window).
• Action codes: M = option exercise (acquired 63,788 @ $30.99 and 74,530 @ $34.96); F = withholding to pay exercise price/taxes (39,621 and 48,470 shares withheld at $82.50).
• Net shares received by insider after withholding: 50,227 shares.
• Footnotes clarify the exercise was cashless and the withheld shares were used to pay exercise price and tax obligations; the withholding did not involve an open-market sale.
• Vesting: the option grants vest over three annual installments (vesting commencement and schedule referenced in the filing footnotes).

Context

• This was an exercise of vested options with a cashless settlement (company withheld shares rather than the insider paying cash or selling shares in the open market). Cashless exercises plus withholding for taxes are common and do not necessarily indicate a buy/sell market signal.
• The filing does not show the insider’s total holdings after the transaction in this summary; refer to the full Form 4 for the reported ownership balance.