M-tron (MPTI) EVP sells 27,343 rights, retains shares and options
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
M-tron Industries, Inc. Executive VP – Finance Linda M. Biles reported sales of subscription rights tied to M-tron common stock. She sold 24,643 subscription rights on April 9, 2026 and 2,700 subscription rights on April 14, 2026, both coded as open-market sales.
These rights were issued in a rights offering where each common share received one right and five rights entitle the holder to buy one common share at an exercise price of $59.00 per share. After the reported transactions, Biles directly holds 28,682 shares of common stock and stock options over 10,000 shares with a $40.32 exercise price vesting between 2026 and 2028. This Form 4/A amends a prior filing to add the April 9 sale of rights that had been inadvertently omitted and to correct the related ending balance.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Net Sell
4 txns
Insider
Biles Linda M
Role
Executive VP - Finance
Sold
27,343 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Subscription Rights (right to purchase) | 2,700 | $0.00 | -- |
| Sale | Subscription Rights (right to purchase) | 24,643 | $0.00 | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Subscription Rights (right to purchase) — 0 shares (Direct, null);
Stock Option (right to buy) — 10,000 shares (Direct, null);
Common Stock — 28,682 shares (Direct, null)
Footnotes (1)
- Grant of a stock option of the Issuer vesting as follows: 30% on 4/4/2026, 30% on 4/4/2027, and 40% on 4/4/2028. On March 30, 2026, holders of the Issuer's common stock, par value $0.01 per share (the "Common Stock"), received one subscription right (the "Rights") for each share of Common Stock held by such holder as of March 27, 2026. When exercisable, five (5) Rights will entitle their holder to purchase one share of Common Stock at an exercise price of $59.00 per share. The original Form 4, filed on April 16, 2026, is being amended by this Form 4/A solely to add a sale of the Rights in Table II on April 9, 2026, which was inadvertently omitted from the original filing. As a result of that omission, the amount of securities beneficially owned following the transaction reported on Line 3 of Table II has also been corrected to reflect the accurate, adjusted ending balance.
Key Figures
Subscription rights sold April 9, 2026: 24,643 rights
Subscription rights sold April 14, 2026: 2,700 rights
Total subscription rights sold: 27,343 rights
+4 more
7 metrics
Subscription rights sold April 9, 2026
24,643 rights
Open-market sale of subscription rights
Subscription rights sold April 14, 2026
2,700 rights
Open-market sale of subscription rights
Total subscription rights sold
27,343 rights
Aggregate net-sell from transaction summary
Rights offering exercise price
$59.00 per share
Five rights to purchase one common share
Common shares held after transactions
28,682 shares
Direct ownership of M-tron common stock
Stock option exercise price
$40.32 per share
Option over 10,000 common shares
Underlying shares for option
10,000 shares
Stock option expiring April 4, 2030
Key Terms
Subscription Rights, rights offering, stock option, exercise price, +1 more
5 terms
Subscription Rights financial
"Holders received one subscription right for each share of Common Stock."
Subscription rights are short-term privileges given to existing shareholders to buy additional new shares before the general public, typically at a set price and in proportion to their current holdings. Think of it as getting a coupon for first dibs on extra slices of a pizza so your share of the pie doesn’t shrink; exercising them can be a cheaper way to maintain your ownership and voting power, while ignoring them can reduce your stake and potential future earnings.
rights offering financial
"Holders of Common Stock received subscription rights in a rights offering."
A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.
stock option financial
"Grant of a stock option of the Issuer vesting 30% in 2026, 2027 and 40% in 2028."
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.
exercise price financial
"Five Rights entitle the holder to purchase one share at an exercise price of $59.00 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
beneficially owned financial
"The amount of securities beneficially owned following the transaction has been corrected."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did M-tron Industries (MPTI) report in this Form 4/A?
M-tron Industries reported that Executive VP – Finance Linda M. Biles sold subscription rights received in a rights offering. The amendment adds an April 9, 2026 sale previously omitted and updates the ending balance of rights accordingly.
How many MPTI subscription rights did Linda M. Biles sell?
Linda M. Biles sold 24,643 subscription rights on April 9, 2026 and 2,700 subscription rights on April 14, 2026. In total, the Form 4/A shows open-market sales of 27,343 subscription rights related to M-tron common stock.
What are the key terms of M-tron (MPTI) subscription rights mentioned in the filing?
Each holder received one subscription right for every M-tron common share held as of March 27, 2026. When exercisable, five rights allow the purchase of one common share at an exercise price of $59.00 per share under the rights offering.
Why was this M-tron (MPTI) Form 4/A filed as an amendment?
The Form 4/A amends an earlier April 16, 2026 filing solely to add the April 9, 2026 sale of subscription rights that was inadvertently omitted. It also corrects the amount of securities beneficially owned following that rights transaction.
How do the stock options reported for MPTI’s Linda M. Biles vest over time?
The stock option grant for Linda M. Biles vests 30% on April 4, 2026, another 30% on April 4, 2027, and 40% on April 4, 2028. The option covers 10,000 M-tron common shares at a $40.32 exercise price.