ESPEY MFG & ELECTRONICS CORP (ESP) director exercises options at $20.50

Rhea-AI Filing Summary

ESPEY MFG & ELECTRONICS CORP director Michael W. Wool exercised stock options to acquire 2,150 shares of common stock at $20.50 per share. Following the transaction, he directly holds 21,392 common shares and 10,550 stock options, indicating a routine exercise of a portion of his awards.

Insider Trade Summary

2,150 shares exercised/converted

Mixed 2 txns

Insider WOOL MICHAEL W

Role null

Type	Security	Shares	Price	Value
Exercise	Stock Option	2,150	$20.50	$44K
Exercise	Common Stock - $.33 1/3 par value	2,150	$20.50	$44K

Holdings After Transaction: Stock Option — 10,550 shares (Direct, null); Common Stock - $.33 1/3 par value — 21,392 shares (Direct, null)

Footnotes (1)

Key Figures

Options Exercised: 2,150 shares Exercise Price: $20.50 per share Common Shares After: 21,392 shares +2 more

5 metrics

Options Exercised 2,150 shares Common stock acquired via option exercise on May 27, 2026

Exercise Price $20.50 per share Conversion or exercise price for stock options

Common Shares After 21,392 shares Direct ESPEY common stock holdings following transaction

Options Remaining 10,550 options Direct stock option holdings after exercising 2,150 options

Option Expiration December 6, 2029 Expiration date of the stock option grant

Key Terms

Stock Option, derivative security, Common Stock - $.33 1/3 par value, direct ownership

4 terms

Stock Option financial

"The security title for the derivative transaction is listed as Stock Option."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

derivative security financial

"The transaction code description notes an 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.

Common Stock - $.33 1/3 par value financial

"The non-derivative security title is Common Stock - $.33 1/3 par value."

direct ownership financial

"Each transaction is marked with ownership_code D indicating direct ownership."

Form 4 Insider Transactions: What Each Field Means →

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^*

WOOL MICHAEL W

(Last) (First) (Middle)

131 HILLS POINT RD

(Street)

CHARLOTTE VERMONT 05445

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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 - $.33 1/3 par value	05/27/2026		M		2,150	A	$20.5	21,392	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	$20.5	05/27/2026	05/27/2026	M			2,150	12/06/2021	12/06/2029	Common Stock	2,150	$20.5	10,550	D

Explanation of Responses:

	/s/ Michael Wool	05/27/2026
	** 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)

FAQ

What insider transaction did ESP director Michael W. Wool report on this Form 4?

Michael W. Wool reported exercising stock options to acquire 2,150 shares of ESPEY MFG & ELECTRONICS CORP common stock at $20.50 per share. This is recorded as an exercise or conversion of a derivative security, not as an open-market stock purchase or sale.

At what price did Michael W. Wool exercise his ESPEY (ESP) stock options?

He exercised his ESPEY stock options at $20.50 per share for 2,150 underlying common shares. This exercise price matches the option’s stated conversion or exercise price, reflecting the cost to convert each option into a share of common stock.

How many ESPEY common shares does Michael W. Wool hold after this Form 4 transaction?

After exercising options, Michael W. Wool directly holds 21,392 shares of ESPEY common stock. This total reflects his position immediately following the reported May 27, 2026 transaction and helps show that he retains a meaningful ongoing equity stake in the company.

What happens to Michael W. Wool’s ESPEY stock options after exercising 2,150 options?

After exercising 2,150 stock options into common shares, he still holds 10,550 stock options directly. These remaining options retain their original $20.50 exercise price and can be exercised before their stated expiration date of December 6, 2029, subject to plan terms.

Does this ESPEY Form 4 show any open-market buying or selling by Michael W. Wool?

The Form 4 shows an exercise of stock options, not open-market buying or selling. Both transactions are coded “M” for derivative exercise or conversion, and transaction flags indicate no open-market buy or sell took place in this particular filing.