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Photronics (NASDAQ: PLAB) director exercises options and sells 5,000 shares

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

Rhea-AI Filing Summary

Photronics director Lee Kang Jyh exercised stock options and sold shares on the same day. On April 1, 2026, he exercised options for 5,000 shares of Photronics Inc common stock at an exercise price of $10.75 per share, converting derivative options into common stock.

He then sold 5,000 shares of common stock in an open-market transaction at $42.00 per share, and held 385,850 shares of common stock directly after the transactions. The options were originally granted in 2017 and vested in four equal annual installments.

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Insider Lee Kang Jyh
Role Director
Sold 5,000 shs ($210K)
Type Security Shares Price Value
Exercise PHOTRONICS STOCK OPTIONS 5,000 $0.00 --
Exercise COMMON STOCK 5,000 $10.75 $54K
Sale COMMON STOCK 5,000 $42.00 $210K
Holdings After Transaction: PHOTRONICS STOCK OPTIONS — 0 shares (Direct); COMMON STOCK — 390,850 shares (Direct)
Footnotes (1)
  1. [object Object]
Options exercised 5,000 shares PHOTRONICS STOCK OPTIONS exercised on April 1, 2026
Option exercise price $10.75 per share Conversion or exercise price for Photronics stock options
Shares sold 5,000 shares COMMON STOCK open-market sale on April 1, 2026
Sale price $42.00 per share Price per share for 5,000-share open-market sale
Shares held after transaction 385,850 shares Total common stock directly owned after April 1, 2026 transactions
Option expiration date March 7, 2027 Original expiration for PHOTRONICS STOCK OPTIONS grant
PHOTRONICS STOCK OPTIONS financial
"security_title: "PHOTRONICS STOCK OPTIONS""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
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.
vested in four equal annual installments financial
"footnote: "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)
04/01/2026		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 STOCK04/01/2026M5,000A$10.75390,850D
COMMON STOCK04/01/2026S5,000D$42385,850D
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$10.7504/01/2026M5,000 (1)03/07/2027PHOTRONICS INC Common Stock5,000$00D
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, March 7, 2017.
/s/Brandon DeSocio, attorney-in-fact for Kang Jyh Lee04/03/2026
** 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 options for 5,000 Photronics shares and selling 5,000 common shares. The option exercise converted derivative options into stock, followed by an open-market sale at $42.00 per share on April 1, 2026.

How many Photronics (PLAB) shares did the director sell and at what price?

He sold 5,000 shares of Photronics common stock at $42.00 per share. This open‑market sale occurred on April 1, 2026, immediately after exercising options for the same number of shares into common stock.

What was the exercise price of the Photronics (PLAB) stock options?

The exercised Photronics stock options had an exercise price of $10.75 per share. Exercising these options allowed conversion of 5,000 option units into 5,000 shares of Photronics Inc common stock before the subsequent open‑market sale.

How many Photronics (PLAB) shares does the director hold after these transactions?

After the reported transactions, Director Lee Kang Jyh directly holds 385,850 shares of Photronics common stock. This figure reflects his position following the 5,000‑share option exercise and the 5,000‑share open‑market sale on April 1, 2026.

When did the Photronics (PLAB) stock options originally vest for the director?

The reported stock options vested in four equal annual installments. Twenty‑five percent vested on each of the first four anniversaries of the March 7, 2017 grant date, leading to full vesting before the April 1, 2026 exercise and sale activity.