Pure Cycle CEO Harding exercises 50,000 options
The exercise also involved withholding 25,271 shares to pay the exercise price, based on Pure Cycle common stock’s market price that day.
Rhea-AI Filing Summary
Pure Cycle Corp. CEO and director Mark W. Harding exercised options for 50,000 common shares on September 22, 2026, at a $5.61 exercise price. Pure Cycle withheld 25,271 shares for payment of the exercise price, based on a market price of $11.10 per share. His reported remaining option position was 255,000 options, expiring October 12, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
3 txns
Insider
HARDING MARK W
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (Right to Buy) | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $5.61 | $281K |
| Exercise Price Payment | Common Stock F1 | 25,271 | $11.10 | $281K |
Holdings After Transaction:
Option (Right to Buy) — 255,000 contracts (Direct);
Common Stock — 164,818 shares (Direct)
Footnotes (1)
- F1. Represents a "net exercise" of outstanding stock options. These shares were withheld by Pure Cycle Corporation for payment of the exercise price, based on the market price of Pure Cycle Corporation's common stock at the time of the option exercise on September 22, 2026.
Key Figures
Options exercised: 50,000 options
Exercise price: $5.61 per share
Common shares acquired: 50,000 shares
+3 more
6 metrics
Options exercised
50,000 options
September 22, 2026
Exercise price
$5.61 per share
Options exercised September 22, 2026
Common shares acquired
50,000 shares
September 22, 2026
Shares withheld
25,271 shares
For payment of the exercise price
Market price
$11.10 per share
At the time of the September 22, 2026 option exercise
Options following transaction
255,000 options
Reported following the September 22, 2026 transaction
Key Terms
net exercise, exercise price, derivative security
3 terms
net exercise financial
"Represents a "net exercise" of outstanding stock options"
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
exercise price financial
"for payment of the exercise price"
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.
derivative security technical
"Exercise or conversion of 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PCYO CEO Mark W. Harding report exercising?
Harding exercised options for 50,000 common shares on September 22, 2026, at a $5.61 exercise price. Pure Cycle withheld 25,271 shares for payment of the exercise price, based on a market price of $11.10 per share.
Was Mark W. Harding’s PCYO transaction under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
