Comtech Telecommunications (CMTL) — Form 4 insider activity. On November 7, 2025, the President of the S&S Communications Segment received 1,193 shares of common stock from the settlement of a Long Term Performance Share Award granted on August 12, 2022, tied to goals over the period ended July 31, 2025. The filing also reports 539 shares withheld at $3.04 to cover taxes. Following these transactions, the reporting person directly owns 30,681 shares of Comtech common stock.
Comtech Telecommunications (CMTL) filed a Form 4 disclosing an equity grant to an officer. On 11/07/2025, President, S&S Communications Segment Daniel Gizinski was granted 119,243 restricted stock units (RSUs) at $0, reported as an acquisition (Code A). Following the transaction, 146,454 derivative securities were beneficially owned directly.
The RSUs were granted under the Company’s 2023 Equity and Incentive Plan. They generally vest in three equal annual installments on the first through third anniversaries of the grant, assuming continued employment. Shares of common stock corresponding to vested units will be delivered within 60 days of each vesting date.
Comtech Telecommunications Corp. (CMTL) filed a Form 4 disclosing that CFO Michael Bondi received 148,026 restricted stock units on November 7, 2025 under the company’s 2023 Equity and Incentive Plan. Each unit represents the right to receive one share of common stock upon vesting.
The RSUs generally vest over three years, in equal one‑third installments on the first, second, and third anniversaries of the grant, assuming continued employment. Shares corresponding to vested units will be delivered within 60 days of each vesting date. Following this grant, the reporting person beneficially owned 195,054 derivative securities, held directly.
Comtech Telecommunications Corp. (CMTL) reported an insider equity award. Chief Legal Officer Donald E. Walther received 106,908 restricted stock units on 11/07/2025 under the company’s 2023 Equity and Incentive Plan. The RSUs vest in three equal annual installments on the first through third anniversaries of the grant, with shares delivered within 60 days of each vesting date. After the grant, 175,354 derivative securities were beneficially owned.
Comtech Telecommunications (CMTL) reported an insider equity award. On 11/07/2025, Chairman, President and CEO Kenneth Traub received 307,018 restricted stock units under the 2023 Equity and Incentive Plan. The RSUs generally vest over three years, one-third on each anniversary, with shares delivered within 60 days of vesting. Following the grant, he beneficially owned 470,953 derivative securities, held directly.
Comtech Telecommunications (CMTL) reported a Form 4 showing officer Jeffery Robertson was granted 106,908 restricted stock units on 11/07/2025 under the company’s 2023 Equity and Incentive Plan. The RSUs vest over three years, one‑third on each anniversary, with shares delivered within 60 days of vesting.
Following the grant, he beneficially owned 206,649 derivative securities, held directly. The grant price for the RSUs is $0.
Comtech Telecommunications Corp. (CMTL) furnished an update on its business by announcing results for its fourth quarter and fiscal year ended July 31, 2025. The company disclosed the news via a press release.
The press release is attached as Exhibit 99.1 and is furnished under Item 2.02 of a Form 8-K; it is not deemed filed or incorporated by reference under the securities laws.
Comtech Telecommunications (CMTL) filed its FY2025 10-K and reported clear progress under its January 2025 transformation plan. The company removed substantial doubt about its ability to continue as a going concern, citing improved liquidity and operating trends.
Operating cash flow turned positive with $2.3 million in Q3 and $11.4 million in Q4. Liquidity reached $47.0 million at July 31, 2025, up from approximately $18.0 million in December 2023. Accounts payable fell to $26.0 million from $66.5 million in October 2023. Senior debt tied to its Credit Facility declined from $202.9 million as of January 31, 2025 to $133.9 million as of July 31, 2025 following amendments that provide a covenant holiday through January 31, 2027.
Revenue quality improved: net sales rose 12.6% from Q1 to Q4; gross margin advanced sequentially from 12.5% to 31.2%; and Adjusted EBITDA improved from negative $30.8 million in Q1 to $13.3 million in Q4. Comtech also secured a multi‑year U.S. mobile operator contract valued in excess of $130.0 million. Backlog stood at $672.1 million as of July 31, 2025, led by the Allerium public safety segment.
Comtech (CMTL) filed a Form 12b-25, notifying a late filing of its Form 10-K as it completes a post-closing review. The company identified subsequent events requiring an adjustment tied to revised engineering estimates for a Satellite and Space Communications development project with an international customer.
Comtech expects a cumulative reduction to net sales and gross profit of approximately $2.5 million, with the review still in process. The company plans to file the 10-K within the 15-day extension permitted by Rule 12b-25. Management also indicates fiscal 2025 results will be significantly lower than fiscal 2024, while expecting improved fourth-quarter performance, positive operating cash flows, and total liquidity of $47.0 million as of July 31, 2025.
Jeffery Robertson, President of the T&W Segment at Comtech Telecommunications Corp. (CMTL), reported transactions on Form 4 showing the vesting of restricted stock units on 09/30/2025. 4,907 restricted stock units vested and converted one-for-one into 4,907 shares of common stock, increasing the reporting person’s direct beneficial ownership to 99,741 shares.
The filing also shows 2,492 shares were withheld to satisfy federal, state, and FICA tax obligations related to the vesting, leaving 45,077 shares reported as directly beneficially owned after a separate sale transaction at $2.58 per share on the same date. The Form 4 was signed via attorney-in-fact on 10/02/2025.