ESP CEO Exercises 5,000 Options at $13.61, Boosts Direct Stake

Espey Mfg. & Electronics Corp. (ESP) – Form 4 filing dated 08/05/2025 President & CEO David A. O'Neil exercised 5,000 stock options at an exercise price of $13.61 (Code M) and received an equal number of common shares.

Rhea-AI Filing Summary

Espey Mfg. & Electronics Corp. (ESP) – Form 4 filing dated 08/05/2025

President & CEO David A. O'Neil exercised 5,000 stock options at an exercise price of $13.61 (Code M) and received an equal number of common shares. The transaction lifts his direct share ownership to 5,000 shares. In addition, he continues to hold 19,914 ESP shares in the company ESOP and 20,425 unexercised options after the transaction.

No shares were sold, and the filing does not disclose any open-market purchases or dispositions beyond the option exercise. The move modestly increases the CEO’s equity stake and may signal confidence, but it is also consistent with routine option-expiration timing.

Positive

• CEO converts 5,000 options into common shares, increasing direct ownership and signalling continued commitment.
• No shares sold, avoiding a negative supply signal to the market.

Negative

• None.

Insights

Securities Analyst

TL;DR – Routine option exercise; modestly positive as CEO increases actual share exposure.

The exercise converts 5 k options into common stock without a simultaneous sale, boosting the CEO’s direct alignment with shareholders. While the dollar value (~$68 k) is not large, insiders of micro-caps often monetize immediately; holding the shares can be read as a vote of confidence. No material dilution occurs because options were already included in diluted share count. Overall impact is minor but tilts positive.

Insider Trade Summary

5,000 shares exercised/converted

Exercise 2 txns

Insider ONEIL DAVID A

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	Stock Option	5,000	$13.61	$68K
Exercise	Common Stock - $.33 1/3 par value	5,000	$13.61	$68K

Holdings After Transaction: Stock Option — 20,425 contracts (Direct); Common Stock - $.33 1/3 par value — 5,000 shares (Direct)

Footnotes (1)

1. F1. Additionally, the reporting person owns 19,914 shares of common stock in his ESOP account

FAQ

How many ESP shares did CEO David A. O'Neil acquire?

He acquired 5,000 common shares through an option exercise.

What was the exercise price of the ESP options?

The options were exercised at $13.61 per share.

How many ESP shares does the CEO now own directly and via ESOP?

Directly: 5,000 shares; ESOP account: 19,914 shares.

Did the CEO sell any ESP shares in this Form 4?

No. The filing shows an acquisition only; there were no dispositions.

How many unexercised ESP options remain with the CEO?

He retains 20,425 options after the reported exercise.

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

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Accepted by SEC EDGAR 08/05/2025 - 06:31 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^*

ONEIL DAVID A

(Last) (First) (Middle)

14 BRIDGET CIRCLE

(Street)

COHOES NY 12047

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ESPEY MFG & ELECTRONICS CORP [ ESP ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

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

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

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

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 - $.33 1/3 par value	08/05/2025		M		5,000	A	$13.61	5,000(1)	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 Option	$13.61	08/05/2025	08/05/2025	M			5,000	08/01/2024	08/01/2032	Common Stock	5,000	$13.61	20,425	D

Explanation of Responses:

1. Additionally, the reporting person owns 19,914 shares of common stock in his ESOP account

	/s/ David A. O'Neil	08/05/2025
	** 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.