Emery Jeffrey 4

What Happened
Emery Jeffrey, President — Global Fire Safety at Perimeter Solutions (PRM), exercised 53,537 option-based derivatives on May 13, 2026 at $8.36 per share (cost $447,569) and immediately sold the 53,537 shares in an open-market transaction at a weighted average price of $33.45 per share for gross proceeds of $1,790,813. The filing also records a derivative conversion/disposition of 53,537 shares at $0.00, reflecting the conversion/exercise step. The transactions produced roughly $1,343,244 in proceeds over the exercise cost before taxes, commissions and fees.

Key Details

• Transaction date: 2026-05-13 (filed 2026-05-15). Filing appears timely (within the usual 2-business-day Form 4 window).
• Exercise: 53,537 shares @ $8.36 = $447,569 (Acquired via derivative exercise).
• Sale: 53,537 shares @ weighted avg $33.45 = $1,790,813 (Open-market sale). Sale prices ranged approx. $33.27–$33.67 per footnote.
• Net effect on holdings: No net increase in shares held from this activity (acquired 53,537 via exercise and sold all 53,537). The Form 4 does not list total shares held after the transactions.
• Footnote: F1 notes the reported sale price is a weighted average and the seller can provide the breakdown of shares sold at each price on request.

Context
This was a cashless-style exercise followed by an immediate sale (exercise then sale of the same shares), a common pattern insiders use to cover exercise costs and tax withholding. Such immediate sales generally do not signal a long-term buy decision; purchases are typically more informative about insider sentiment. All details above are factual from the Form 4; motivations are not stated.