[Form 4/A] Richardson Electronics Ltd Amended Insider Trading Activity
Rhea-AI Filing Summary
Wendy Diddell, a director and the Chief Operating Officer of Richardson Electronics, Ltd. (RELL), amended a prior Form 4 to correct an incorrect gift disposition entry. The amendment clarifies that no gift of 250 shares occurred and confirms that as of August 15, 2025 she beneficially owned 127,294 shares of common stock. The Form 4/A notes the earlier mistaken filing dated August 19, 2025 and is signed by an attorney-in-fact on September 10, 2025. The filing contains no new trades or derivative transactions; it solely corrects ownership reporting.
Positive
- Correction filed to clarify ownership and remove an erroneous gift disposition
- Insider ownership disclosed: 127,294 shares confirmed as of August 15, 2025
- Filed as amendment, indicating active compliance and record maintenance
Negative
- Original Form 4 included a mistaken entry reporting a gift of 250 shares that did not occur
- Administrative error required an amendment, which may indicate a lapse in filing controls
Insights
TL;DR: An amended disclosure corrects an erroneous gift entry and restores accurate insider ownership records.
The amendment removes a previously reported bona fide gift of 250 shares that did not occur, confirming insider ownership of 127,294 shares as of August 15, 2025. From a governance perspective, timely correction of SEC filings is important to maintain transparency and compliance with Section 16 reporting obligations. This filing does not introduce new transactions or material changes to ownership percentages; it documents a clerical correction.
TL;DR: The amended Form 4 corrects a reporting error and indicates remediation occurred via an attorney-in-fact signature.
The Form 4/A indicates the original filing mistakenly reported a gift on August 19, 2025, which is retracted. The correction was effectuated with an amendment and signed on September 10, 2025. For compliance assessment, this appears to be a non-material clerical correction rather than an undisclosed transaction, reducing regulatory concern so long as records and controls prevent recurrence.