Anterix CLO sells 4,357 shares after option exercise
Anterix’s chief legal officer exercised options and sold shares, with part of the exercise settled through share withholding rather than cash.
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Form Type
4/A
Rhea-AI Filing Summary
Anterix Inc. (ATEX) reported that Chief Legal Officer & Corp Sec Gena L. Ashe exercised stock options for 6,833 shares of common stock at $34.96 per share on September 8, 2026. The exercise was handled on a cashless basis, with 2,769 shares withheld to cover the exercise price and income tax obligations, and the remaining shares largely sold in open-market transactions.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Ashe Gena L
Role
Chief Legal Officer & Corp Sec
Sold
4,357 shs ($372K)
Approx. gross sale proceeds
$372K
Approx. exercise cost
$239K
Share of Position Sold
32.0%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2 | 6,833 | $0.00 | $0.00 |
| Sale | Common Stock | 293 | $85.44 | $25K |
| Exercise | Common Stock | 6,833 | $34.96 | $239K |
| Exercise Price or Tax Liability | Common Stock F1 | 2,769 | $86.27 | $239K |
| Sale | Common Stock | 4,064 | $85.44 | $347K |
Holdings After Transaction:
Stock Option (Right to Buy) — 35,658 contracts (Direct);
Common Stock — 9,238 shares (Direct)
Holdings Before and After:
Stock Option (Right to Buy), 42,491 to 35,658 contracts (Direct);
Common Stock, 9,531 to 9,238 shares (Direct)
Other Insiders: 6 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (2)
- F1. The Reporting Person exercised a stock option to purchase 6,833 shares of the Issuer's Common Stock for $34.96 per share and paid the exercise price on a cashless basis, resulting in the Issuer withholding an aggregate of 2,769 shares of the Issuer's Common Stock subject to the stock option to pay the exercise price and to satisfy its income tax withholding and remittance obligations in connection with the exercise of the stock option. The withholding of shares referenced here does not involve an open market sale of stock.
- F2. The option shares subject to this option shall vest and become exercisable in three equal annual installments, with 1/3 of the option shares vesting and becoming exercisable on May 20, 2026, and with the remaining option shares vesting and becoming exercisable in 2 equal annual installments thereafter.
Key Figures
Options exercised: 6,833 shares
Exercise price: $34.96 per share
Shares withheld for exercise and taxes: 2,769 shares
+4 more
7 metrics
Options exercised
6,833 shares
Stock option exercise by Gena L. Ashe on September 8, 2026
Exercise price
$34.96 per share
Price for the 6,833 shares of common stock acquired via option exercise
Shares withheld for exercise and taxes
2,769 shares
Withheld on a cashless basis to cover exercise price and tax obligations
Shares sold (larger sale)
4,064 shares
Open-market or private sale on September 8, 2026 at $85.44 per share
Shares sold (additional sale)
293 shares
Separate sale on September 8, 2026 at $85.44 per share
Sale price
$85.44 per share
Price for both reported sales of Anterix common stock
Net shares sold
4,357 shares
Combined total of reported common stock sales on September 8, 2026
Key Terms
cashless basis, income tax withholding and remittance obligations, stock option, withholding of shares
4 terms
cashless basis financial
"paid the exercise price on a cashless basis, resulting in the Issuer withholding"
An agreement executed on a cashless basis lets a holder convert or exercise a security (like options, warrants, or conversion rights) without paying money upfront; instead the holder receives a smaller number of shares equal in value to what the cash would have purchased. Think of trading a coupon for fewer slices of a cake rather than handing over cash for the full slice. For investors, it affects how much ownership and dilution occur and avoids immediate cash outlays.
income tax withholding and remittance obligations financial
"to pay the exercise price and to satisfy its income tax withholding and remittance obligations"
stock option financial
"The Reporting Person exercised a stock option to purchase 6,833 shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Anterix (ATEX) disclose about Gena L. Ashe’s stock option exercise?
Anterix disclosed that Gena L. Ashe exercised stock options for 6,833 shares of common stock at $34.96 per share on September 8, 2026, using a cashless basis in which shares were withheld instead of paying the exercise price in cash.
Was a Rule 10b5-1 trading plan used for Gena L. Ashe’s Anterix (ATEX) transactions?
No. The filing indicates no Rule 10b5-1 trading plan was affirmed for these transactions, and there is no footnote stating that the sales or the option exercise were made pursuant to any pre-arranged trading plan.
What does the footnote say about the Anterix (ATEX) option exercise mechanics?
The footnote explains that the option to purchase 6,833 shares at $34.96 per share was exercised on a cashless basis, and that Anterix withheld 2,769 shares to cover the exercise price and its income tax withholding and remittance obligations, without any open-market sale for that portion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
