Morse Robert Randolph 4

What Happened

• Robert Randolph Morse, a director of Amkor Technology (AMKR), exercised 20,000 stock options on April 7, 2026. The exercise price was $5.66 per share, for a total exercise cost of $113,200. As part of a net (cashless) exercise, 2,378 shares were withheld to cover tax obligations, leaving a net delivery of 17,622 shares to Morse.
• The Form 4 also reports the associated derivative instrument being converted/removed as part of the exercise (reported at $0.00). No open-market purchase or sale occurred.

Key Details

• Transaction dates: April 7, 2026 (reported on Form 4 filed April 9, 2026).
• Exercise: 20,000 shares acquired at $5.66 per share = $113,200.
• Tax withholding: 2,378 shares withheld (code F) — net shares delivered = 17,622.
• Derivative conversion: Option reported as converted/disposed (code M) in connection with the exercise.
• Footnotes: F1 — net exercise exempt under Section 16b-3; no open-market trades. F2 — option was granted May 4, 2016 and vested May 2, 2017.
• Shares owned after transaction: not provided in the excerpt of the filing.
• Timeliness: Form filed two days after the transaction date (Apr 9 filing for Apr 7 transaction), consistent with typical Section 16 reporting windows.

Context

• This was an option exercise (code M) executed as a net or cashless exercise, meaning some shares were withheld to pay taxes rather than sold in the open market. That is a routine way executives/directors often convert options to stock and does not by itself indicate a buy or sell sentiment on the open market.
• No open-market sale was reported; the transaction reflects converting vested options (granted in 2016, vested in 2017) into shares with withholding for taxes.