Sable Kyle 4

What Happened
Sable Kyle, Chief Financial Officer of Perimeter Solutions (PRM), exercised options to acquire a total of 200,460 shares between May 8 and May 12, 2026 and simultaneously sold those 200,460 shares in open-market transactions. Exercises: 20,000 @ $3.89 ($77,800), 130,000 @ $8.36 ($1,086,800), 20,460 @ $8.36 ($171,046), and 30,000 @ $8.36 ($250,800) — total exercise cash paid ≈ $1,586,446. Sales: 150,000 @ $31.52 ($4,728,000), 20,460 @ $32.89 ($672,929), and 30,000 @ $31.75 ($952,500) — total proceeds ≈ $6,353,429. Net cash proceeds (sales minus exercise cost) were roughly $4.77M. The filing shows corresponding derivative conversion/disposition records (zero-dollar entries) consistent with exercising and selling the resulting shares.

Key Details

• Transaction dates: May 8, May 11 and May 12, 2026. Filing date: May 12, 2026 (filed within the SEC two-business-day window).
• Shares exercised (acquired): 200,460 total; total exercise cost ≈ $1,586,446.
• Shares sold (disposed): 200,460 total; total sales proceeds ≈ $6,353,429.
• Net change in beneficial ownership: no net increase (acquired and sold the same number of shares).
• Price ranges per footnotes:
  • 150,000-share sale ranged ≈ $31.00–$32.00 (weighted avg $31.52).
  • 20,460-share sale ranged ≈ $32.89–$33.16 (weighted avg $32.89).
  • 30,000-share sale ranged ≈ $31.50–$32.12 (weighted avg $31.75).
• Footnotes note weighted-average pricing; the reporting person can provide per-share breakdowns on request.
• Shares owned after the transactions are not specified in the provided data.

Context
These filings show an option exercise followed by immediate open-market sales — commonly a cashless (or near-cashless) exercise where the insider converts options into shares and sells them to cover costs and take proceeds. Such transactions often reflect option liquidity events rather than a clear signal of confidence or concern about the company; they do not, by themselves, indicate the insider’s future view.