Elmet executive exercises rights, returns 310K shares

Elmet Group Co. executive Derek Scott Fox exercised stock appreciation rights for 310,420 shares of common stock at $0.91 per share and simultaneously disposed of 310,420 shares back to the issuer at $14.00 per share.

Rhea-AI Filing Summary

Elmet Group Co. executive Derek Scott Fox exercised stock appreciation rights for 310,420 shares of common stock at $0.91 per share and simultaneously disposed of 310,420 shares back to the issuer at $14.00 per share. Following these transactions, he directly holds 784,064 common shares.

Insider Trade Summary

310,420 shares exercised/converted

Exercise 3 txns

Insider Fox Derek Scott

Role President, CMC Division

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right	310,420	$0.00	$0.00
Exercise	Common Stock	310,420	$0.91	$282K
Disposition	Common Stock	310,420	$14.00	$4.35M

Holdings After Transaction: Stock Appreciation Right — 0 contracts (Direct); Common Stock — 784,064 shares (Direct)

Key Figures

Shares exercised: 310,420 shares Exercise price: $0.91 per share Disposition price: $14.00 per share +4 more

7 metrics

Shares exercised 310,420 shares Stock appreciation right exercise into common stock

Exercise price $0.91 per share Conversion price of stock appreciation right

Disposition price $14.00 per share Disposition of 310,420 shares to issuer

Shares disposed to issuer 310,420 shares Non-derivative disposition classified as 'Disposition to issuer'

Shares held after transactions 784,064 shares Direct common stock holdings following Form 4 transactions

Derivative shares exercised 310,420 shares Stock Appreciation Right exercised into common stock

SAR expiration date December 31, 2027 Original expiration of Stock Appreciation Right before exercise

Key Terms

Stock Appreciation Right, derivative security, Disposition to issuer

3 terms

Stock Appreciation Right financial

"The filing reports a Stock Appreciation Right for 310,420 underlying common shares."

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

derivative security financial

"The Stock Appreciation Right is classified as a derivative security linked to common stock."

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.

Disposition to issuer financial

"A transaction coded D is described as a Disposition to issuer of 310,420 shares."

FAQ

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

What insider transactions did Elmet Group Co. (ELMT) report for Derek Scott Fox?

Elmet Group Co. reported that executive Derek Scott Fox exercised stock appreciation rights for 310,420 common shares and disposed of 310,420 shares back to the issuer on May 14, 2026, leaving him with 784,064 directly held shares of common stock.

What prices were involved in Derek Scott Fox’s recent ELMT share transactions?

Derek Scott Fox exercised stock appreciation rights at an effective price of $0.91 per share and disposed of 310,420 Elmet Group Co. common shares back to the issuer at $14.00 per share, according to the Form 4 insider transaction disclosure.

How many Elmet Group Co. (ELMT) shares does Derek Scott Fox hold after the Form 4 transactions?

After the reported transactions, Derek Scott Fox directly holds 784,064 shares of Elmet Group Co. common stock. This figure reflects his position following the exercise of 310,420 stock appreciation rights and the disposition of 310,420 shares back to the issuer on May 14, 2026.

What type of derivative security did Derek Scott Fox exercise in the ELMT Form 4?

The Form 4 shows Derek Scott Fox exercised a Stock Appreciation Right covering 310,420 underlying common shares at a conversion price of $0.91 per share. After this exercise, the reported stock appreciation right position was reduced to zero shares outstanding.

Was Derek Scott Fox’s ELMT transaction an open-market sale or a disposition to the issuer?

The Form 4 classifies the 310,420-share disposition as a Disposition to issuer, not an open-market sale. This means the shares were returned directly to Elmet Group Co., rather than being sold on a public securities market.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/15/2026 - 04:05 PM EDT 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^*

Fox Derek Scott

(Last) (First) (Middle)

C/O THE ELMET GROUP

2 PORTLAND FISH PIER, SUITE 214

(Street)

PORTLAND MAINE 04101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Elmet Group Co. [ ELMT ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CMC Division

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		M		310,420	A	$0.91	1,094,484	D
Common Stock	05/14/2026		D		310,420	D	$14	784,064	D

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
Stock Appreciation Right	$0.91	05/14/2026		M			310,420	04/24/2026	12/31/2027	Common Stock	310,420	$0	0	D

Explanation of Responses:

	/s/ Derek Fox	05/15/2026
	** 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)