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Photronics (PLAB) director exercises options, sells 5,000 shares at $44

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Photronics director Lee Kang Jyh exercised stock options and sold shares in a routine transaction. On April 9, 2026, he exercised 5,000 Photronics stock options at $8.60 per share, acquiring the same number of common shares, then sold 5,000 common shares at $44.00 per share. After these transactions, he directly held 385,850 shares of Photronics Inc. common stock. The options had vested in four equal annual installments starting on January 2, 2018.

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Insider Lee Kang Jyh
Role Director
Sold 5,000 shs ($220K)
Type Security Shares Price Value
Exercise PHOTRONICS STOCK OPTIONS 5,000 $0.00 --
Exercise COMMON STOCK 5,000 $8.60 $43K
Sale COMMON STOCK 5,000 $44.00 $220K
Holdings After Transaction: PHOTRONICS STOCK OPTIONS — 5,000 shares (Direct); COMMON STOCK — 390,850 shares (Direct)
Footnotes (1)
  1. [object Object]
Options exercised 5,000 options Exercised at $8.60 on April 9, 2026
Exercise price $8.60 per share Conversion of Photronics stock options
Shares sold 5,000 shares Open-market sale on April 9, 2026
Sale price $44.00 per share Price for 5,000 common shares sold
Shares after transactions 385,850 shares Direct common stock holdings after April 9, 2026
Option vesting schedule 25% annually over 4 years From January 2, 2018 grant date
derivative exercise/conversion financial
"transaction_action":"derivative exercise/conversion""
open-market sale financial
"transaction_action":"open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
PHOTRONICS STOCK OPTIONS financial
"security_title":"PHOTRONICS STOCK OPTIONS""
vested in four equal annual installments financial
"The reported options vested in four equal annual installments"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 CONNECTICUT 06804
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PHOTRONICS INC [ PLAB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
COMMON STOCK04/09/2026M5,000A$8.6390,850D
COMMON STOCK04/09/2026S5,000D$44385,850D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
PHOTRONICS STOCK OPTIONS$8.604/09/2026M5,000 (1)01/02/2028PHOTRONICS INC Common Stock5,000$05,000D
Explanation of Responses:
1. The reported options vested in four equal annual installments, with 25% vested on each of the first four anniversaries of the grant date, January 2nd, 2018.
/s/Brandon DeSocio, attorney-in-fact for Kang Jyh Lee04/13/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Photronics (PLAB) director Lee Kang Jyh report?

Director Lee Kang Jyh reported exercising 5,000 stock options and selling 5,000 common shares. The exercise converted options at $8.60 into shares, followed by an open-market sale of those shares at $44.00, leaving him with 385,850 Photronics common shares held directly.

How many Photronics (PLAB) shares does Lee Kang Jyh hold after this Form 4?

After the reported transactions, Lee Kang Jyh directly holds 385,850 Photronics common shares. This reflects a reduction from 390,850 shares before selling 5,000 shares, showing the sale was small relative to his overall direct position in the company.

At what prices did the Photronics (PLAB) option exercise and share sale occur?

The option exercise occurred at $8.60 per share, the option’s exercise price. The subsequent open-market sale of 5,000 Photronics common shares took place at $44.00 per share, turning the exercised options into cash while modestly reducing his share holdings.

What type of securities were involved in Lee Kang Jyh’s Photronics (PLAB) Form 4 filing?

The filing involved Photronics stock options and Photronics Inc. common stock. Lee Kang Jyh exercised 5,000 stock options to acquire 5,000 common shares, then sold 5,000 common shares in an open-market transaction on the same date, according to the Form 4 data.

How were Lee Kang Jyh’s Photronics (PLAB) options structured and vested?

The reported Photronics options vested in four equal annual installments. According to the footnote, 25% vested on each of the first four anniversaries of the January 2, 2018 grant date, meaning the full 5,000-option grant became exercisable over four years.