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Richardson Electronics (NASDAQ: RELL) CFO surrenders 1,000 shares to cover taxes

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

Rhea-AI Filing Summary

Richardson Electronics, Ltd. executive Ben Robert J, CFO, CAO and Corporate Secretary, reported two tax-related share dispositions. On July 21 and 22, 2026, he surrendered a total of 1,000 common shares (500 each day) to the issuer to satisfy income tax withholding on vested restricted shares, at net settlement prices equal to NASDAQ Global Select Market closing prices of $17.18 and $18.01. The footnotes state these transactions were share surrenders to the company for tax obligations and do not represent open-market sales.

Positive

  • None.

Negative

  • None.
Insider Ben Robert J
Role CFO, CAO, Corporate Secretary
Type Security Shares Price Value
Tax Withholding Common Stock F2 500 $18.01 $9K
Tax Withholding Common Stock F1 500 $17.18 $9K
Holdings After Transaction: Common Stock — 60,534 shares (Direct)
Footnotes (2)
  1. F1. Represents shares surrendered to Issuer in connection with the vesting of a previously reported grant of restricted shares to satisfy the income tax withholding and remittance obligations of the reporting person at a net settlement price equal to closing price on the NASDAQ Global Select Market on July 21, 2026 of $ 17.18 and does not represent a sale of the reporting person.
  2. F2. Represents shares surrendered to Issuer in connection with the vesting of a previously reported grant of restricted shares to satisfy the income tax withholding and remittance obligations of the reporting person at a net settlement price equal to closing price on the NASDAQ Global Select Market on July 22, 2026 of $ 18.01 and does not represent a sale of the reporting person.
Shares surrendered for taxes 1,000 shares Total common shares surrendered by CFO Ben Robert J on July 21-22, 2026
Shares surrendered on July 21, 2026 500 shares Common stock surrendered to issuer to cover income tax withholding at vesting
Shares surrendered on July 22, 2026 500 shares Common stock surrendered to issuer to cover income tax withholding at vesting
Net settlement price July 21, 2026 $17.18 per share Equal to NASDAQ Global Select Market closing price used for tax-withholding surrender
Net settlement price July 22, 2026 $18.01 per share Equal to NASDAQ Global Select Market closing price used for tax-withholding surrender
restricted shares financial
"vesting of a previously reported grant of restricted shares to satisfy the income"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
income tax withholding financial
"shares surrendered to Issuer in connection with the vesting ... to satisfy the income tax withholding"
net settlement price financial
"at a net settlement price equal to closing price on the NASDAQ Global Select Market"
NASDAQ Global Select Market market
"equal to closing price on the NASDAQ Global Select Market on July 22, 2026"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

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

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FAQ

What insider transaction did Richardson Electronics (RELL) report for CFO Ben Robert J?
CFO Ben Robert J surrendered 1,000 common shares to Richardson Electronics over two days to cover income tax withholding on vested restricted shares. These were tax-related dispositions back to the issuer, not market sales.

How many Richardson Electronics (RELL) shares were involved and on which dates?
The filing shows 1,000 common shares involved: 500 shares on July 21, 2026 and 500 shares on July 22, 2026. Both transactions are reported as share surrenders to satisfy income tax withholding obligations.

At what prices were the RELL shares surrendered by the CFO for tax withholding?
The shares were valued at $17.18 per share on July 21, 2026 and $18.01 per share on July 22, 2026. Each net settlement price equals the NASDAQ Global Select Market closing price for RELL on the respective date.

Do the reported RELL insider transactions represent open-market sales by the CFO?
No. The footnotes state the transactions do not represent a sale by the reporting person. They are share surrenders to the issuer in connection with vesting of restricted shares to satisfy income tax withholding and remittance obligations.

Were the RELL insider share surrenders made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnotes do not reference any trading plan. The transactions are characterized solely as tax-withholding share surrenders on vesting of restricted stock.
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*
Ben Robert J
(Last)(First)(Middle)
40W267 KESLINGER ROAD PO BOX 393
(Street)
LAFOX ILLINOIS 60147
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
RICHARDSON ELECTRONICS, LTD. [ RELL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO, CAO, Corporate Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026		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 Stock07/21/2026F500(1)D$17.1861,034D
Common Stock07/22/2026F500(2)D$18.0160,534D
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
Explanation of Responses:
1. Represents shares surrendered to Issuer in connection with the vesting of a previously reported grant of restricted shares to satisfy the income tax withholding and remittance obligations of the reporting person at a net settlement price equal to closing price on the NASDAQ Global Select Market on July 21, 2026 of $ 17.18 and does not represent a sale of the reporting person.
2. Represents shares surrendered to Issuer in connection with the vesting of a previously reported grant of restricted shares to satisfy the income tax withholding and remittance obligations of the reporting person at a net settlement price equal to closing price on the NASDAQ Global Select Market on July 22, 2026 of $ 18.01 and does not represent a sale of the reporting person.
/s/ Robert J. Ben07/23/2026
** 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