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PLAB Form 4: Kang Jyh Lee Nets $18.35 Average on 4.9k-Share Sale

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

Rhea-AI Filing Summary

Photronics Inc. (PLAB) – Form 4 insider transaction

Director Kang Jyh Lee reported an option exercise and corresponding sale on 20 June 2025:

  • Exercised 4,882 non-qualified stock options at an exercise price of $12.13 (grant dated 4 Jan 2016).
  • Immediately sold the same 4,882 common shares at a weighted-average price of $18.351 (range $18.330-$18.390).
  • Following the transactions, Lee’s direct beneficial ownership declined marginally from 536,982 to 532,100 shares.

The sale represents roughly 0.9 % of the director’s reported holdings and an immaterial fraction of Photronics’ total shares outstanding. No derivative positions remain from the exercised option.

The filing is routine, reflects normal portfolio management and provides no indication of broader strategic or operational developments at Photronics.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine option exercise & sale, negligible stake reduction; neutral signal.

The director exercised a 2016 option grant at $12.13 and immediately sold the shares at ~$18.35, capturing a ~$6.2 gain per share. Post-sale ownership remains above 532 k shares, maintaining significant insider alignment. Volume is <1 % of insider’s holdings and <0.01 % of PLAB’s float, suggesting no material information asymmetry or negative sentiment. Overall, the event is administrative and non-impactful for valuation or governance considerations.

Insider Lee Kang Jyh
Role Director
Sold 4,882 shs ($90K)
Type Security Shares Price Value
Exercise Non-qualified Stock Option (right to buy) 4,882 $0.00 --
Exercise COMMON STOCK 4,882 $12.13 $59K
Sale COMMON STOCK 4,882 $18.351 $90K
Holdings After Transaction: Non-qualified Stock Option (right to buy) — 0 shares (Direct); COMMON STOCK — 536,982 shares (Direct)
Footnotes (1)
  1. These shares were sold in multiple transactions at prices ranging from $18.330 - $18.390. The price reported is a weighted average. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price within the range. Represents the exercise of Non-Qualified Stock Options granted on January 4, 2016, at an exercise price of $12.13. The grant has a graded vesting schedule; the date exercisable will vary for each vesting tranche.
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Form 4 Insider Transactions: What Each Field Means →
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)
06/20/2025
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 06/20/2025 M 4,882 A $12.13 536,982 D
COMMON STOCK 06/20/2025 S 4,882 D $18.351(1) 532,100 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
Non-qualified Stock Option (right to buy) $12.13 06/20/2025 M 4,882 (2) 01/04/2026 Common Stock 4,882 $0 0 D
Explanation of Responses:
1. These shares were sold in multiple transactions at prices ranging from $18.330 - $18.390. The price reported is a weighted average. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
2. Represents the exercise of Non-Qualified Stock Options granted on January 4, 2016, at an exercise price of $12.13. The grant has a graded vesting schedule; the date exercisable will vary for each vesting tranche.
/s/Brandon DeSocio, attorney-in-fact for Kang Jyh Lee 06/24/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Photronics (PLAB) shares did Director Kang Jyh Lee sell?

He sold 4,882 common shares on 20 Jun 2025.

At what price were the PLAB shares sold?

The weighted-average sale price was $18.351 per share (range $18.330-$18.390).

Were the shares sold newly issued from option exercise?

Yes. The director exercised 4,882 non-qualified options at $12.13 and immediately sold the resulting shares.

What is the director’s remaining stake after the transaction?

Lee now owns 532,100 PLAB shares directly.

Does this Form 4 suggest major insider sentiment change at Photronics?

No. The transaction is small relative to the director’s holdings and appears routine, implying neutral insider sentiment.