[Form 4] Photronics Inc Insider Trading Activity

Rhea-AI Filing Summary

Photronics Inc. (PLAB) – Form 4 insider transaction

Director Mitchell G. Tyson reported selling 15,000 shares of Photronics common stock on 10 July 2025. The shares were sold in multiple open-market transactions at prices ranging from $19.865 to $20.145, with an average price disclosure of $19.97 listed in the table. Following the sale, Tyson’s direct beneficial ownership declined from 71,927 to 56,927 shares.

No derivative security activity was reported and no Rule 10b5-1 trading plan box was checked, indicating the sale was made outside of a pre-arranged plan. The filing was executed by attorney-in-fact Brandon DeSocio on 11 July 2025.

Key Takeaways

• Insider role: Tyson is a non-executive Director; insider sales by directors may be interpreted as a modest cautionary signal by some investors.
• Transaction size: 15,000 shares represents a noticeable but not transformational portion of his holdings (≈21% of previously held shares).
• Post-sale stake: 56,927 shares demonstrates continued alignment, limiting concerns about full exit.

No additional transactions, options exercises, or derivative positions were reported. The filing contains no commentary on company fundamentals or future outlook.

Positive

• None.

Negative

• Director insider sale: Mitchell G. Tyson sold 15,000 shares (≈21% of prior holdings) at ~$19.97, which may be viewed as a modestly bearish insider signal.

Insights

Securities Analyst

TL;DR Tyson trims 21% of stake, modestly negative sentiment.

The sale of 15 k shares at ~$20 suggests Tyson is capitalising on recent price strength. While the absolute dollar value is moderate, cutting his direct holding by roughly one-fifth can be interpreted as a mild negative signal, particularly given the absence of a 10b5-1 plan. The transaction does not materially affect share count or control, but it can create short-term headline pressure as investors monitor insider sentiment. Still, Tyson retains ~57 k shares, implying ongoing confidence.

Corporate Governance Specialist

TL;DR Routine Form 4; governance risk unchanged.

From a governance lens, this appears to be a standard, properly disclosed sale. No red flags such as accelerated vesting, derivative hedging, or clustered executive selling are evident. The director continues to hold a meaningful stake, maintaining alignment. Overall, I classify the event as routine with negligible governance impact.

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^*

TYSON MITCHELL G

(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)
07/10/2025

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	07/10/2025		S		15,000(1)	D	$19.97	56,927	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. Shares sold in multiple transactions at prices ranging from $19.865 to $20.145. The reporting person undertakes to provide full information regarding the number of shares sold at each price upon request.

	/s/Brandon DeSocio, attorney-in-fact for Mitchell G. Tyson	07/11/2025
	** 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

How many Photronics (PLAB) shares did Director Mitchell G. Tyson sell?

He sold 15,000 shares of PLAB common stock on 07/10/2025.

At what price did the PLAB insider sale occur?

The shares were sold in multiple trades between $19.865 and $20.145, with an average of about $19.97 reported.

What is Tyson’s remaining stake in Photronics after the sale?

After the transaction, he directly owns 56,927 shares of PLAB.

Was the transaction under a Rule 10b5-1 trading plan?

No. The Form 4 does not indicate that the sale was executed under a 10b5-1 plan.

Does the Form 4 report any options exercises or derivative activity?

No derivative securities were acquired or disposed of; only common stock was sold.