Schneider Terrence G. 4

What Happened

• Terrence G. Schneider, VP, Supply Chain at Digi International, exercised options for 14,182 shares (code M) at an exercise price of $16.75 per share (total cost $237,549) on May 11, 2026, and immediately sold those 14,182 shares in the open market (code S) at a weighted average price of $65.61 per share, generating gross proceeds of $930,474. A related derivative entry shows the conversion/surrender of the underlying derivative instrument ($0 value reported).

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (timely filing).
• Exercise: 14,182 shares @ $16.75 — $237,549 total (code M).
• Sale: 14,182 shares @ weighted avg $65.61 — $930,474 total (code S). Footnote F1: sale prices ranged from $65.03 to $66.00; weighted average shown; reporting person can provide per-trade prices on request.
• Derivative disposition: 14,182 shares reported as converted/surrendered at $0 (code M) — reflects the option conversion.
• Vesting: Fully vested (footnote F2).
• Shares owned after transaction: Not specified in the filing.

Context

• This is a same-day exercise and sale (commonly a cashless exercise): the insider exercised vested options and sold the resulting shares, realizing gross proceeds of ~$930K and paying ~$238K to exercise (net proceeds before taxes/fees ≈ $693K). Schneider is an executive (VP), not a 10% owner; such transactions often reflect option liquidity rather than a direct signal about company prospects.