[Form 4] Photronics Inc Insider Trading Activity

Rhea-AI Filing Summary

Lee Kang Jyh, a director of Photronics Inc (PLAB), reported the sale of 8,750 shares of the company's common stock on 08/29/2025 in multiple transactions at prices ranging from $23.20 to $23.23. After these disposals, the reporting person beneficially owns 523,350 shares, reported as direct ownership. The Form 4 indicates the trades were executed across several transactions and that the reporting person will provide detailed per-transaction counts and prices on request. The form was submitted by an attorney-in-fact on behalf of the reporting person.

Positive

• Substantial retained ownership: Reporting person continues to hold 523,350 shares after the sale, indicating ongoing alignment with shareholders
• Transparent pricing range: Sale prices disclosed as $23.20 to $23.23 and filer offers to provide per-transaction details on request

Negative

• Insider disposition: Director sold 8,750 shares, which may be viewed negatively by some investors despite being a small percentage of holdings

Insights

Securities Analyst

TL;DR A director sold a small portion of holdings; ownership remains substantial, so market impact is likely limited.

The director disposed of 8,750 shares at roughly $23.20 each, representing about 1.7% of the 523,350 shares held after the sale. This level of selling by an insider is typically not material to company capitalization or control. The disclosure that sales occurred in multiple tranches with prices between $23.20 and $23.23 is standard; the filer offers to provide a breakdown on request which maintains transparency. Overall, this is a routine insider sale rather than a signal of corporate distress.

Corporate Governance Expert

TL;DR Insider sale by a director reduces holdings modestly but governance implications appear minimal given retained stake.

The reporting person remains a significant shareholder with 523,350 shares after the disposition. The Form 4 identifies the actor as a director and shows direct ownership form, which helps investors assess alignment with shareholder interests. There is no indication of a change in relationship to the issuer or of any derivative transactions. Because the filing discloses the transaction prices and offers further breakdown on request, disclosure quality is adequate for governance review.

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^*

Lee Kang Jyh

(Last) (First) (Middle)

15 SECOR ROAD

(Street)

BROOKFIELD CT 06804

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PHOTRONICS INC [ PLAB ]

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)
08/29/2025

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	08/29/2025		S		8,750	D	$23.2(1)	523,350	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. These shares were sold in multiple transactions at prices ranging from $23.20 to $23.23. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request.

	/s/ Brandon DeSocio, attorney-in-fact for Kang Jyh Lee	09/03/2025
	** 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.

FAQ

What did the Photronics (PLAB) director report on Form 4?

The director reported the sale of 8,750 common shares on 08/29/2025 at prices between $23.20 and $23.23.

How many Photronics (PLAB) shares does the reporting person own after the sale?

The filing reports beneficial ownership of 523,350 shares following the reported transactions.

Was the reported sale executed in a single trade or multiple transactions?

The filing states the shares were sold in multiple transactions and provides a price range for those sales.

Does the Form 4 indicate any derivative transactions or option exercises?

No. Table II for derivative securities contains no transactions; only a non-derivative common stock sale is reported.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.