Espey director exercises 2,000 stock options

Espey Mfg & Electronics Corp director Michael W. Wool reported an option exercise into common stock.

Rhea-AI Filing Summary

Espey Mfg & Electronics Corp director Michael W. Wool reported an option exercise into common stock. On January 27, 2026, a stock option for 2,000 shares with an exercise price of $21.75 per share was exercised, resulting in acquisition of 2,000 shares of common stock.

Following the transactions, Wool directly held 18,400 shares of common stock and 14,542 derivative securities (stock options). The filing classifies all reported holdings as directly owned.

Insider Trade Summary

2,000 shares exercised/converted

Exercise 2 txns

Insider WOOL MICHAEL W

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option	2,000	$21.75	$44K
Exercise	Common Stock - $.33 1/3 par value	2,000	$21.75	$44K

Holdings After Transaction: Stock Option — 14,542 contracts (Direct); Common Stock - $.33 1/3 par value — 18,400 shares (Direct)

FAQ

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What insider transaction did ESP director Michael W. Wool report?

Michael W. Wool reported exercising stock options for 2,000 shares of Espey Mfg & Electronics common stock at $21.75 per share on January 27, 2026. The transaction converted derivative securities into directly held common shares.

How many ESP common shares does Michael W. Wool own after this Form 4?

After the reported transaction, Michael W. Wool directly owned 18,400 shares of Espey Mfg & Electronics common stock. This reflects the addition of 2,000 shares acquired through the exercise of stock options at $21.75 per share.

What stock options does Michael W. Wool still hold in ESP after the filing?

Following the reported exercise, Michael W. Wool held 14,542 derivative securities in Espey Mfg & Electronics, consisting of stock options. The exercised option related to 2,000 shares at an exercise price of $21.75 per share, reducing his remaining option balance.

What was the exercise price on Michael W. Wool’s ESP stock option?

The exercised Espey Mfg & Electronics stock option had an exercise price of $21.75 per share. Wool exercised 2,000 option shares at this price, converting them into common stock and increasing his directly held common share position.

Does the ESP Form 4 show Michael W. Wool as a director or officer?

The Form 4 lists Michael W. Wool as a director of Espey Mfg & Electronics Corp and not as an officer or 10% owner. The reported transactions reflect his personal, direct ownership of common stock and stock options in the company.

Were the ESP transactions direct or indirect holdings for Michael W. Wool?

All reported holdings for Michael W. Wool in this Form 4 are classified as directly owned. Both the 18,400 common shares and the 14,542 derivative securities (stock options) are shown as direct ownership, with no indicated indirect ownership structure.

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

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Accepted by SEC EDGAR 01/29/2026 - 09:13 AM EST 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^*

WOOL MICHAEL W

(Last) (First) (Middle)

131 HILLS POINT RD

(Street)

CHARLOTTE VT 05445

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

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	01/27/2026		M		2,000	A	$21.75	18,400	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	$21.75	01/27/2026	01/27/2026	M			2,000	10/10/2019	10/10/2027	Common Stock	2,000	$21.75	14,542	D

Explanation of Responses:

	/s/ Michael Wool	01/27/2026
	** 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.