CPS Technologies (CPSH) director exercises 15K options, pays taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPS Technologies director Ralph M. Norwood exercised stock options and had shares withheld for taxes. On May 18, 2026, he exercised options to acquire 15,000 shares of Common Stock at $1.49 per share. To cover tax obligations, 4,178 shares of Common Stock were disposed of at $5.35 per share as a tax-withholding transaction, not an open-market sale. After these transactions, he directly owned 70,341 Common shares and held 53,100 Common Stock Options at a $1.49 exercise price expiring on March 3, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,000 shares exercised/converted
Mixed
3 txns
Insider
NORWOOD RALPH M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock Option | 15,000 | $1.49 | $22K |
| Exercise | Common Stock | 15,000 | $1.49 | $22K |
| Tax Withholding | Common Stock | 4,178 | $5.35 | $22K |
Holdings After Transaction:
Common Stock Option — 53,100 shares (Direct, null);
Common Stock — 74,519 shares (Direct, null)
Footnotes (1)
Key Figures
Option exercise shares: 15,000 shares
Exercise price: $1.49 per share
Tax-withholding shares: 4,178 shares
+4 more
7 metrics
Option exercise shares
15,000 shares
Common Stock acquired via option exercise on May 18, 2026
Exercise price
$1.49 per share
Common Stock Options converted into Common Stock
Tax-withholding shares
4,178 shares
Common Stock delivered to satisfy tax liability at $5.35 per share
Tax-withholding price
$5.35 per share
Value used for tax-withholding disposition of Common Stock
Shares held after
70,341 shares
Total Common Stock directly owned following transactions
Options remaining
53,100 options
Common Stock Options remaining after exercise, at $1.49 strike
Option expiration
March 3, 2030
Expiration date for remaining Common Stock Options
Key Terms
tax-withholding disposition, derivative security, Common Stock Option, exercise price
4 terms
tax-withholding disposition financial
"4,178 shares were reported as a tax-withholding disposition at $5.35 per share."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"The Form 4 describes the option exercise as an exercise or conversion of a 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.
Common Stock Option financial
"A derivative transaction involved a Common Stock Option for 15,000 underlying shares."
exercise price financial
"The Common Stock Options have a $1.49 per share exercise price."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did CPS Technologies (CPSH) report for Ralph M. Norwood?
CPS Technologies reported that director Ralph M. Norwood exercised stock options and had shares withheld for taxes. He acquired 15,000 Common shares through option exercise and 4,178 shares were disposed of to satisfy tax obligations, leaving him with 70,341 shares owned directly.
What CPS Technologies stock options does Ralph M. Norwood still own?
Following the exercise, Ralph M. Norwood still holds 53,100 Common Stock Options. These options have a $1.49 per share exercise price and an expiration date of March 3, 2030, indicating a remaining derivative stake alongside his direct share ownership.