Director at Optical Cable (NASDAQ: OCC) surrenders shares for tax withholding

Rhea-AI Filing Summary

Optical Cable Corp director John M. Holland reported a routine tax-related share disposition. He surrendered 2,513 shares of Common Stock at $11.00 per share to cover taxes due on previously granted restricted shares under the Company’s 2017 Stock Incentive Plan. After this tax-withholding transaction, he directly holds 147,507 shares of Optical Cable Corp common stock.

Insider Trade Summary

Net Seller: 2,513 shares

Net Sell 1 txn

Insider HOLLAND JOHN M

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	2,513	$11.00	$28K

Holdings After Transaction: Common Stock — 147,507 shares (Direct)

Footnotes (1)

1. F1. 2,513 shares are being surrendered as allowed by the Company's 2017 Stock Incentive Plan to cover the payment of taxes currently due on previously granted restricted shares.

Key Figures

Shares surrendered for taxes: 2,513 shares Price per share for tax withholding: $11.00 per share Shares held after transaction: 147,507 shares

3 metrics

Shares surrendered for taxes 2,513 shares Tax-withholding disposition under 2017 Stock Incentive Plan

Price per share for tax withholding $11.00 per share Value applied to surrendered shares

Shares held after transaction 147,507 shares Direct OCC common stock holdings after Form 4 event

Key Terms

tax-withholding disposition, restricted shares, 2017 Stock Incentive Plan

3 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 2,513 shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted shares financial

"taxes currently due on previously granted restricted shares"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

2017 Stock Incentive Plan financial

"as allowed by the Company's 2017 Stock Incentive Plan"

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/04/2026 - 04:21 PM Learn about SEC filing dates

FAQ

What insider transaction did OCC director John M. Holland report?

John M. Holland reported surrendering 2,513 OCC common shares. The shares were used to pay taxes on previously granted restricted stock, rather than sold on the open market, and were processed at $11.00 per share under the company’s 2017 Stock Incentive Plan.

Was the OCC Form 4 transaction an open-market sale of shares?

No, the OCC Form 4 shows a tax-withholding disposition, not an open-market sale. 2,513 shares were surrendered to satisfy current tax obligations on earlier restricted share grants, as permitted by Optical Cable Corp’s 2017 Stock Incentive Plan.

How many OCC shares does John M. Holland hold after this Form 4?

After the tax-withholding share surrender, John M. Holland directly holds 147,507 OCC common shares. This figure reflects his position following the disposition of 2,513 shares to cover tax liabilities on previously granted restricted stock awards.

What price per share was used for the OCC tax-withholding disposition?

The Form 4 lists a price of $11.00 per OCC share for the 2,513 surrendered shares. This value is used to determine the dollar amount applied toward Holland’s tax obligations on his previously granted restricted shares under the incentive plan.

What role does OCC’s 2017 Stock Incentive Plan play in this Form 4?

OCC’s 2017 Stock Incentive Plan allows participants to surrender shares to pay taxes on restricted stock. In this Form 4, 2,513 shares were surrendered under that plan to cover John M. Holland’s current tax liability on earlier restricted share grants.

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^*

HOLLAND JOHN M

(Last) (First) (Middle)

5290 CONCOURSE DRIVE

(Street)

ROANOKE VIRGINIA 24019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OPTICAL CABLE CORP [ OCC ]

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)
05/03/2026

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	05/03/2026		F		2,513(1)	D	$11	147,507	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

Explanation of Responses:

1. 2,513 shares are being surrendered as allowed by the Company's 2017 Stock Incentive Plan to cover the payment of taxes currently due on previously granted restricted shares.

	/s/ John M. Holland	05/04/2026
	** 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)