Photronics (PLAB) director reports sales of common stock and option exercise

Rhea-AI Filing Summary

Photronics Inc. director Kang Jyh Lee reported several insider transactions in the company’s common stock. On December 12, 2025, he sold 20,000 shares at a price of $38.53, with the sales executed in multiple trades between $38.50 and $38.64.

On December 15, 2025, he exercised 20,000 stock options at an exercise price of $11.35 per share and acquired the same number of common shares, then sold 20,000 shares that day at $36.45 in multiple trades between $36.45 and $36.49. Following these transactions, he directly beneficially owns 493,350 shares of Photronics common stock, and the reported stock option grant, which vested in four equal annual installments beginning January 3, 2017, now shows 0 options remaining.

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)
12/12/2025

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	12/12/2025		S		20,000	D	$38.53	493,350(1)	D
COMMON STOCK	12/15/2025		M		20,000	A	$11.35	513,350	D
COMMON STOCK	12/15/2025		S		20,000	D	$36.45	493,350(2)	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
Stock Option	$11.35	12/15/2025		M		20,000		(3)	01/03/2027	Common Stock	20,000	$0	0	D

Explanation of Responses:

1. These shares were sold in multiple transactions at prices ranging from $38.50 - $38.64. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request.

2. These shares were sold in multiple transactions at prices ranging from $36.45 - $36.49. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request.

3. Stock options vested in four equal annual installments of 25% on each anniversary of the grant date, January 3, 2017.

	/s/Brandon DeSocio, attorney-in-fact for Kang Jyh Lee	12/16/2025
	** 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 insider transactions did Photronics (PLAB) report for director Kang Jyh Lee?

The report shows that director Kang Jyh Lee sold 20,000 shares of Photronics common stock on December 12, 2025 and another 20,000 shares on December 15, 2025. He also exercised 20,000 stock options on December 15, 2025, acquiring the same number of common shares before selling shares that day.

How many Photronics (PLAB) shares does Kang Jyh Lee own after these transactions?

After the reported transactions, Kang Jyh Lee directly and beneficially owns 493,350 shares of Photronics Inc. common stock.

At what prices did Kang Jyh Lee sell Photronics (PLAB) shares?

On December 12, 2025, he sold 20,000 shares at a reported price of $38.53, with individual trades ranging from $38.50 to $38.64. On December 15, 2025, he sold another 20,000 shares at a reported price of $36.45, with individual trades ranging from $36.45 to $36.49.

What stock options did Kang Jyh Lee exercise at Photronics (PLAB)?

He exercised 20,000 stock options with a $11.35 exercise price on December 15, 2025, receiving 20,000 shares of Photronics common stock. The options were scheduled to vest in four equal 25% annual installments on each anniversary of the January 3, 2017 grant date and had an expiration date of January 3, 2027. Following the exercise, the form shows 0 derivative securities remaining from this grant.

What is Kang Jyh Lee’s relationship to Photronics (PLAB)?

The filing identifies Kang Jyh Lee as a director of Photronics Inc. The box for director is checked, and the form is filed by one reporting person.

Were the Photronics (PLAB) stock sales made in multiple trades?

Yes. The explanation notes that the December 12, 2025 sale of 20,000 shares occurred in multiple transactions at prices between $38.50 and $38.64, and the December 15, 2025 sale of 20,000 shares occurred in multiple transactions at prices between $36.45 and $36.49.