Sable Kyle 4

What Happened
Sable Kyle, Chief Financial Officer of Perimeter Solutions (PRM), exercised 49,540 stock options and immediately sold the resulting 49,540 shares on May 13, 2026. The exercise required $414,154 (49,540 shares × $8.36 exercise price). The subsequent open-market sales of 3,277 and 46,263 shares produced combined gross proceeds of $1,639,066 (weighted average sale prices reported as $33.59 and $33.05). Net proceeds before fees and taxes were roughly $1.22M (sales proceeds minus exercise cost).

Key Details

• Transaction date: 2026-05-13; Form 4 filed 2026-05-15 (no late filing indicated).
• Option exercise: 49,540 shares acquired at $8.36 each; total exercise cost $414,154.
• Open-market sales: 3,277 shares at a weighted avg $33.59 (proceeds $110,074) and 46,263 shares at a weighted avg $33.05 (proceeds $1,528,992). Total sales proceeds $1,639,066.
• Net proceeds (sales minus exercise cost): ≈ $1,224,912 (does not reflect commissions or tax withholding).
• Footnotes: sale prices ranged approximately $32.50–$33.50 (one tranche) and $33.51–$33.67 (other tranche); filing notes that detailed per-price breakdown is available on request.
• Shares owned after transaction: not specified in the provided filing.

Context

• This was an option exercise followed by immediate sales (effectively a cashless or sell-to-cover sequence): exercised (code M) then sold (code S) the same total number of shares.
• Sales are often routine for option exercises or tax/holding requirements; this summary is factual and does not infer motive.
• Transaction codes: M = exercise/conversion of derivative (option); S = sale.