Photronics CTO files Form 4 for planned 10k-share sale

Rhea-AI Filing Summary

Photronics Inc. (PLAB) Form 4 filing: EVP & Chief Technology Officer Christopher J. Progler reported one open-market transaction on 07/28/2025.

• Shares sold: 10,000 common shares.
• Average price: $21.07 (weighted-average; individual trades ranged $21.00-$21.25).
• Transaction code: S (open-market sale) executed under a Rule 10b5-1 trading plan adopted 12/22/2024.
• Post-sale ownership: 210,591 shares held directly.

The filing, submitted 07/29/2025, indicates continued substantial ownership but reflects a reduction of roughly 4.5% of Progler’s previously reported direct holdings. No derivative securities were involved.

Positive

• None.

Negative

• Insider sale of 10,000 shares may be perceived as a slight negative signal despite being executed under a 10b5-1 plan.

Insights

Financial Analyst

TL;DR: Small 10b5-1 sale; limited impact.

Sale equals ~10 k shares (~$211 k), a modest percentage of Progler’s stake and immaterial relative to PLAB’s 61 m shares outstanding. Use of a pre-planned 10b5-1 program reduces concerns about information asymmetry. While insider selling can signal caution, the size and context suggest routine diversification rather than a strategic statement. I view the filing as neutral to sentiment and unlikely to influence valuation or liquidity.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 1 txn

Insider Progler Christopher J

Role EVP, Chief Technology Officer

Sold 10,000 shs ($211K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,000	$21.07	$211K

Holdings After Transaction: Common Stock — 210,591 shares (Direct)

Footnotes (1)

1. F1. Price represents a weighted average. The shares were sold in multiple transactions at prices ranging from $21.00 to $21.25. The reporting person will provide full transaction details upon request. This sale was made pursuant to a Rule 10b5-1 trading plan adopted on December 22, 2024.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 07/29/2025 - 07:01 PM Learn about SEC filing dates

FAQ

How many Photronics (PLAB) shares did the insider sell?

Christopher J. Progler sold 10,000 common shares.

What was the average sale price reported in the Form 4?

The weighted-average price was $21.07, with trades between $21.00 and $21.25.

How many PLAB shares does Progler still own after the sale?

He continues to hold 210,591 shares directly.

Was the transaction part of a trading plan?

Yes, the sale was executed under a Rule 10b5-1 plan adopted on 12/22/2024.

Does the filing disclose any derivative security activity?

No derivative securities were reported in this Form 4.

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).

1. Name and Address of Reporting Person^*

Progler Christopher J

(Last) (First) (Middle)

15 SECOR RD.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025

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	07/28/2025		S		10,000	A	$21.07(1)	210,591	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. Price represents a weighted average. The shares were sold in multiple transactions at prices ranging from $21.00 to $21.25. The reporting person will provide full transaction details upon request. This sale was made pursuant to a Rule 10b5-1 trading plan adopted on December 22, 2024.

	/s/Brandon DeSocio, attorney-in-fact for Christopher J. Progler	07/29/2025
	** 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.