Emery Jeffrey 4

What Happened

• Jeffrey Emery, President – Global Fire Safety at Perimeter Solutions (PRM), exercised options to acquire a total of 146,463 shares (46,500 on 2026-05-08 and 99,963 on 2026-05-11) at an exercise price of $8.36 per share (total cash paid ~$1,224,431). He then sold the same total number of shares in open-market transactions across May 8 and May 11 for total gross proceeds of about $4,779,207 (sales prices ranged roughly $32.00–$34.05 per share).
• The Form 4 shows parallel derivative entries (0.00 value) representing cancellation/conversion of the underlying options. Because the shares were exercised and promptly sold, this is effectively a cashless exercise followed by disposition of the shares.

Key Details

• Transaction dates and amounts:
  • 2026-05-08: Exercised 46,500 @ $8.36 (paid $388,740); sold 46,500 @ ~$32.00 (proceeds $1,488,000). (Footnote F1: sale prices ranged ~$32.00–32.01.)
  • 2026-05-11: Exercised 99,963 @ $8.36 (paid $835,691); sold 97,855 @ ~$32.90 (proceeds $3,219,430) and 2,108 @ ~$34.05 (proceeds $71,777). (Footnotes F2/F3: sale price ranges ~$32.75–33.28 and ~$33.76–34.18.)
• Total exercised (acquired): 146,463 shares for ~$1.22M total cash outlay. Total sold (disposed): 146,463 shares for ~$4.78M gross proceeds.
• Shares owned after the transactions are not stated in the excerpt provided.
• Footnotes indicate the reported sale prices are weighted averages and give price ranges; full breakdown by price per share is available from the filer on request.
• Form filed May 12, 2026, reporting transactions dated May 8 and May 11 (the filing date is shown on the Form 4).

Context

• For retail investors: when an insider exercises options and immediately sells the shares, it’s typically a cashless exercise (insider converts options to stock and sells to cover cost/taxes or take gains). This is common and does not necessarily signal a change in the insider’s view of the company.
• These entries reflect exercising derivative rights and selling the resulting shares; they are routine insider liquidity transactions rather than an outright open-market purchase that might be seen as a bullish signal.