IEH Corp (IEHC) CEO exercises 46,217 options and corrects share count
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
IEH Corp chairman, president and CEO Dave Offerman reported an amended Form 4 reflecting an options exercise and related share surrender. He exercised options for 46,217 shares of common stock at an exercise price of $6.00 per share and received the same number of common shares. Of these, 29,190 shares were surrendered to cover the exercise price, as described in the footnotes. Following these transactions, he directly owns 407,127 shares of common stock. The amendment corrects a prior post-transaction holding figure that was previously misstated by 100 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
46,217 shares exercised/converted
Mixed
3 txns
Insider
Offerman Dave
Role
COB, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options to purchase common stock, par value $0.01 per share | 46,217 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01per share | 46,217 | $6.00 | $277K |
| Tax Withholding | Common Stock, par value $0.01 per share | 29,190 | $9.50 | $277K |
Holdings After Transaction:
Options to purchase common stock, par value $0.01 per share — 250,000 shares (Direct);
Common Stock, par value $0.01per share — 436,317 shares (Direct);
Common Stock, par value $0.01 per share — 407,127 shares (Direct)
Footnotes (1)
- Shares surrendered by reporting person to satisfy the exercise price associated with the exercise of the options described in Table II of this Form 4. In the original filing of this Form 4 filed on July 1 ,2025, the number of Securities beneficially owned following the reported transaction was incorrectly stated as 407,027 shares. The correct number should have been 407,127 shares of common stock.
FAQ
What insider transaction did IEHC CEO Dave Offerman report on this Form 4/A?
Dave Offerman reported exercising options for 46,217 IEH Corp common shares at an exercise price of $6.00 per share. The filing shows he converted derivative options into common stock and then surrendered part of those shares to cover the exercise price.
What are Dave Offerman’s IEHC holdings after the reported transactions?
After the reported transactions, Dave Offerman directly holds 407,127 shares of IEH Corp common stock. This post-transaction ownership figure reflects the net result of the option exercise and related share surrender and is presented as the corrected balance in the amended filing.
Why was this IEHC Form 4 filing amended (Form 4/A)?
The filing was amended because the original Form 4 misstated the number of shares beneficially owned after the transactions. It previously showed 407,027 shares, and the amendment corrects this to 407,127 shares of IEH Corp common stock following the exercise and surrender.
What type of derivative security did the IEHC CEO exercise?
The CEO exercised options to purchase IEH Corp common stock with a $6.00 per share exercise price and a stated expiration date in 2025. The options covered 46,217 underlying common shares, which were converted into the same number of common shares in the reported transaction.