Espey CHRO exercises options, sells 2,500 shares

ESPEY MFG & ELECTRONICS CORP executive Jennifer Michele Pickering, the CHRO and Corporate Secretary, reported paired option and stock transactions in company shares.

Rhea-AI Filing Summary

ESPEY MFG & ELECTRONICS CORP executive Jennifer Michele Pickering, the CHRO and Corporate Secretary, reported paired option and stock transactions in company shares. She exercised stock options covering 2,500 shares of common stock at $24.46 per share and on the same date sold 2,500 shares of common stock in an open-market sale at $63.00 per share, effectively turning this option position into cash rather than holding the shares.

Following these transactions, she reported no directly held common stock, while her stock option position increased to 5,000 options and she also reported 670 shares held indirectly through an ESOP. This pattern reflects a routine exercise-and-sell transaction for compensation-related equity.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Pickering Jennifer Michele

Role CHRO & Corporate Secretary

Sold 2,500 shs ($158K)

Approx. gross sale proceeds $158K

Approx. exercise cost $61K

Type	Security	Shares	Price	Value
Exercise	Stock Option	2,500	$24.46	$61K
Exercise	Common Stock - $.33 1/3 par value	2,500	$24.46	$61K
Sale	Common Stock - $.33 1/3 par value	2,500	$63.00	$158K
holding	Common Stock - $.33 1/3 par value	--	--	--

Holdings After Transaction: Stock Option — 5,000 contracts (Direct); Common Stock - $.33 1/3 par value — 0 shares (Direct); Common Stock - $.33 1/3 par value — 670 shares (Indirect, ESOP)

Key Figures

Shares sold: 2,500 shares Sale price: $63.00/share Options exercised: 2,500 shares +4 more

7 metrics

Shares sold 2,500 shares Open-market sale of common stock at $63.00 per share

Sale price $63.00/share Price for 2,500 common shares sold on June 22, 2026

Options exercised 2,500 shares Common stock acquired via option exercise at $24.46/share

Exercise price $24.46/share Stock option exercise price for 2,500 underlying shares

Remaining stock options 5,000 options Stock option balance after exercise on April 8, 2034-expiring grant

Indirect ESOP shares 670 shares Common stock held indirectly through ESOP after transactions

Net shares sold 2,500 shares Net buy/sell direction reported as net-sell in summary

Key Terms

open-market sale, Stock Option, derivative security, ESOP

4 terms

open-market sale financial

"2,500 shares of common stock in an open-market sale at $63.00"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Stock Option financial

"Stock Option position increased to 5,000 options after the exercise"

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

"described 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.

ESOP financial

"she also reported 670 shares held indirectly through an ESOP"

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

FAQ

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

What insider transactions did ESP CHRO Jennifer Pickering report?

Jennifer Pickering exercised options for 2,500 ESP common shares at $24.46 and sold 2,500 shares at $63.00. These same-day transactions turn a compensation-related option position into cash rather than a longer-term increase in directly held stock.

How many ESPEY (ESP) shares did the insider sell in this Form 4?

The Form 4 shows an open-market sale of 2,500 ESP common shares at $63.00 each. This sale followed the exercise of 2,500 stock options, indicating a standard exercise-and-sell pattern rather than a new, standalone reduction in an existing share position.

At what prices were ESPEY (ESP) options exercised and shares sold?

Options were exercised at $24.46 per share, and 2,500 ESP common shares were sold at $63.00 per share. The spread between the exercise price and sale price reflects the value realized from this compensation-related stock option grant on the transaction date.

What are Jennifer Pickering’s holdings after these ESP transactions?

After the reported transactions, Jennifer Pickering shows zero directly held ESP common shares, 5,000 stock options outstanding, and 670 shares held indirectly through an ESOP. This indicates continued equity exposure via options and ESOP rather than directly owned common stock.

Is this ESP Form 4 mainly an option exercise and sale event?

Yes. The filing combines an exercise of 2,500 stock options at $24.46 with a same-day sale of 2,500 shares at $63.00. This is a typical compensation-related exercise-and-sell sequence, rather than a large discretionary purchase or sale of existing holdings.

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

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Accepted by SEC EDGAR 06/23/2026 - 05:40 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^*

Pickering Jennifer Michele

(Last) (First) (Middle)

16 CORONADO WAY

(Street)

MALTA NEW YORK 12020

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHRO & Corporate Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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	06/22/2026		M		2,500	A	$24.46	2,500	D
Common Stock - $.33 1/3 par value	06/22/2026		S		2,500	D	$63	0	D
Common Stock - $.33 1/3 par value								670	I	ESOP

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	$24.46	06/22/2026	06/22/2026	M			2,500	04/08/2026	04/08/2034	Common Stock	2,500	$24.46	5,000	D

Explanation of Responses:

	/s/ Jennifer Pickering	06/23/2026
	** 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)