Anterix (ATEX) CLO Ashe Gena Exercises Options, Sells Shares

What Happened
Ashe Gena L, Chief Legal Officer & Corporate Secretary of Anterix, exercised stock options and sold shares on 2026-09-08. She exercised an option to acquire 6,833 shares at $34.96 per share (aggregate value reported $238,882). To satisfy the exercise price and tax withholding on the cashless exercise, the company withheld 2,769 shares (treated as a disposition at $86.27 per share, aggregate $238,882). Separately, Gena sold a total of 4,357 shares in open-market transactions (293 shares at $85.44 = $25,034 and 4,064 shares at $85.44 = $347,228), totaling about $372,262.

Key Details

• Transaction date: September 8, 2026; Form 4 filed (amended) September 11, 2026.
• Exercise: 6,833 shares exercised at $34.96 (aggregate $238,882).
• Withholding (tax/exercise payment): 2,769 shares withheld at $86.27 (aggregate $238,882) — withholding was not an open-market sale (Footnote F1).
• Open-market sales: 293 shares ($25,034) and 4,064 shares ($347,228) at $85.44.
• Reported derivative disposition: 6,833 option shares shown as converted/exercised (reported $0.00 for derivative disposition).
• Vesting note: the option vests in three equal annual installments starting May 20, 2026 (Footnote F2).
• Shares owned after the transactions: not specified in the provided filing details.
• Filing status: This is an amended Form 4 reporting the Sept. 8 transactions (filing date Sep. 11, 2026).

Context
This was an option exercise combined with a cashless settlement: the insider acquired shares via exercise but had shares withheld by the issuer to cover the exercise price and tax withholding rather than selling those withheld shares on-market. The separate open-market sales generated cash of roughly $372k. These types of cashless exercises and related withholding are common and are primarily administrative/tax-driven rather than direct buy signals.