Avnet CEO exercises options, sells 51,900 shares

Avnet Inc Chief Executive Officer Philip R. Gallagher reported an option exercise-and-sell sequence.

Rhea-AI Filing Summary

Avnet Inc Chief Executive Officer Philip R. Gallagher reported an option exercise-and-sell sequence. On 2026-08-12, he exercised employee stock options covering 51,900 shares of common stock at strike prices of $39.72 and $29.38, receiving 51,900 shares. That same day, he sold 51,900 common shares in open-market transactions at prices ranging from $98.43 to $98.74, with a volume-weighted average price of $98.46. Following these transactions, he retained direct employee stock options over 194,252 underlying shares at an exercise price of $39.62, and held 209,531 common shares indirectly through the Gallagher Family Trust.

Insider Trade Summary

Exercise and Sale: 51,900 shares ($3.26M approx. pre-tax spread)

Exercise and Sale 8 txns

Insider GALLAGHER PHILIP R

Role Chief Executive Officer

Sold 51,900 shs ($5.11M)

Approx. gross sale proceeds $5.11M

Approx. exercise cost $1.85M

Approx. pre-tax spread $3.26M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy) F2	31,900	$0.00	$0.00
Exercise	Employee Stock Option (Right to Buy) F2	20,000	$0.00	$0.00
Exercise	Common Stock	31,900	$39.72	$1.27M
Exercise	Common Stock	20,000	$29.38	$588K
Sale	Common Stock F1	31,900	$98.46	$3.14M
Sale	Common Stock	20,000	$98.46	$1.97M
holding	Employee Stock Option (Right to Buy) F2	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 344,300 contracts for 194,252 underlying shares (Direct); Common Stock — 168,923 shares (Direct); Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)

Footnotes (2)

1. F1. These shares were sold in multiple transactions at prices ranging from $98.43 to $98.74, with an average of $98.46. Upon request, the reporting person will provide the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC.
2. F2. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.

Key Figures

Options exercised: 51,900 shares Sale volume: 51,900 shares Sale price range: $98.43–$98.74 per share +4 more

7 metrics

Options exercised 51,900 shares Employee stock options exercised on 2026-08-12

Sale volume 51,900 shares Common shares sold on 2026-08-12

Sale price range $98.43–$98.74 per share Multiple sale transactions with average $98.46

Average sale price $98.46 per share Volume-weighted average price for 51,900 sold shares

Option exercise prices $39.72 and $29.38 per share Strike prices of exercised employee stock options

Remaining option underlying shares 194,252 shares Direct employee stock options at $39.62, expiring 2031-08-22

Indirect common shares 209,531 shares Common stock held indirectly by Gallagher Family Trust

Key Terms

Employee Stock Option (Right to Buy), derivative security, indirect ownership

3 terms

Employee Stock Option (Right to Buy) financial

"security_title: Employee Stock Option (Right to Buy)"

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

indirect ownership financial

"ownership_type: indirect, nature_of_ownership: By Gallagher Family Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Avnet (AVT) CEO Philip Gallagher report in this Form 4?

Philip Gallagher reported exercising 51,900 stock options and selling 51,900 common shares of Avnet Inc on 2026-08-12, while retaining substantial option and indirect share holdings.

How many Avnet (AVT) shares did the CEO sell and at what price?

Philip Gallagher sold 51,900 Avnet common shares at prices between $98.43 and $98.74, with a volume-weighted average sale price of $98.46 per share, according to the Form 4 footnote.

What stock options did the Avnet (AVT) CEO exercise in this filing?

He exercised employee stock options for 31,900 shares at $39.72 and 20,000 shares at $29.38 per share, converting these derivative securities into an equal number of Avnet common shares.

What Avnet (AVT) equity does the CEO still hold after these transactions?

After the reported transactions, Philip Gallagher held employee stock options over 194,252 underlying shares at a $39.62 exercise price and 209,531 common shares indirectly through the Gallagher Family Trust.

Were the Avnet (AVT) CEO’s sales part of multiple trades?

Yes. The Form 4 states the 51,900 shares were sold in multiple transactions, with prices ranging from $98.43 to $98.74; the average sale price reported was $98.46 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 04:59 PM Accepted by SEC EDGAR 08/13/2026 - 04:59 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GALLAGHER PHILIP R

(Last) (First) (Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX ARIZONA 85034

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AVNET INC [ AVT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2026		M		31,900	A	$39.72	200,823	D
Common Stock	08/12/2026		M		20,000	A	$29.38	220,823	D
Common Stock	08/12/2026		S		31,900	D	$98.46(1)	188,923	D
Common Stock	08/12/2026		S		20,000	D	$98.46	168,923	D
Common Stock								209,531	I	By Gallagher Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$39.62							(2)	08/22/2031	Common Stock	194,252		194,252	D
Employee Stock Option (Right to Buy)	$39.72	08/12/2026		M			31,900	(2)	08/13/2029	Common Stock	31,900	$0	0	D
Employee Stock Option (Right to Buy)	$29.38	08/12/2026		M			20,000	(2)	11/16/2030	Common Stock	20,000	$0	150,048	D

Explanation of Responses:

1. These shares were sold in multiple transactions at prices ranging from $98.43 to $98.74, with an average of $98.46. Upon request, the reporting person will provide the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC.

2. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.

	/s/ Darrel S. Jackson, Attorney-In-Fact	08/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)