Ashe Gena L 4

What Happened

• Ashe Gena, Chief Legal Officer & Corporate Secretary of Anterix (ATEX), exercised two stock options on 2026-06-15 to acquire 29,368 shares total (11,000 at $34.96 and 18,368 at $49.39), representing an exercise cost/value of about $1,291,756.
• A portion of those option shares (4,661 and 10,996 shares) were withheld by the company to cover the exercise price and tax withholding (these withholdings are not open-market sales). Separately, Ashe sold a total of 17,711 shares in open-market transactions on the same date, generating roughly $1,440,049 in proceeds (weighted average prices reported).
• Overall, this was an options exercise combined with partial immediate monetization via share sales — common for executives converting option value to cash.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely filing).
• Option exercises: 11,000 shares @ $34.96 = $384,560 and 18,368 shares @ $49.39 = $907,196 (codes: M).
• Withheld to cover exercise/taxes (not open-market sales): 4,661 and 10,996 shares (codes: F); values reported ~$384,533 and ~$907,170 respectively.
• Open-market sales: 13,375 shares at a weighted avg $81.04 (prices ranged $81.00–$81.64) = $1,083,890; 4,336 shares at $82.14 = $356,159 (code: S); combined ≈ $1,440,049.
• Vesting: filing notes option shares were fully vested (footnote F5); another footnote (F4) describes a typical three-year vesting schedule for other grants.
• Shares owned after the transactions: not specified in the filing.
• Footnote availability: seller provides a weighted-average sales price and will supply per-trade prices on request (footnote F3).

Context

• These filings show a cashless option exercise (company withheld shares to pay exercise cost/taxes) and concurrent open-market sales. Cashless exercises with partial sell-offs are routine ways for insiders to realize option value; they do not necessarily signal a change in view on the company.
• The filing uses standard Form 4 codes: M = exercise/conversion of derivative, F = withholding to pay exercise/taxes, S = open-market sale.