Richardson Electronics director sells 10K shares
Richardson Electronics director Kenneth Halverson reported a combination of option exercises and share sales in company stock.
Rhea-AI Filing Summary
Richardson Electronics director Kenneth Halverson reported a combination of option exercises and share sales in company stock. On May 5, 2026, he exercised options to acquire a total of 10,000 shares of Common Stock, with 5,000 shares at an exercise price of $7.66 and 5,000 shares at $9.10 per share. The related derivative entries show these employee stock options, each for 5,000 underlying shares, being fully exercised.
On the same date, Halverson completed an open-market sale of 10,000 shares of Common Stock at a weighted average price of $14.6942 per share, with individual trades ranging from $14.62 to $14.89. After these transactions, he directly owned 14,345 shares of Richardson Electronics Common Stock.
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Insider Trade Summary
Exercise and Sale: 10,000 shares ($63K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Halverson Kenneth
Role
Director
Sold
10,000 shs ($147K)
Approx. gross sale proceeds
$147K
Approx. exercise cost
$84K
Approx. pre-tax spread
$63K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 5,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $9.10 | $46K |
| Exercise | Common Stock | 5,000 | $7.66 | $38K |
| Sale | Common Stock | 10,000 | $14.6942 | $147K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 14,345 shares (Direct)
Footnotes (3)
- F1. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.62 to $14.89 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. Options vest immediately upon grant 8/20/2018
- F3. Options vest immediately upon grant 7/19/2021
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $14.6942 per share
Options exercised at $7.66: 5,000 shares
+4 more
7 metrics
Shares sold
10,000 shares
Open-market sale of Common Stock on May 5, 2026
Weighted average sale price
$14.6942 per share
10,000 Common Stock shares sold; trades from $14.62 to $14.89
Options exercised at $7.66
5,000 shares
Employee Stock Option exercise into Common Stock on May 5, 2026
Options exercised at $9.10
5,000 shares
Employee Stock Option exercise into Common Stock on May 5, 2026
Shares owned after transactions
14,345 shares
Direct ownership of Common Stock following May 5, 2026 trades
Option expiration date (first grant)
July 19, 2031
Employee Stock Option (Right to Buy) with $7.66 exercise price
Option expiration date (second grant)
August 20, 2028
Employee Stock Option (Right to Buy) with $9.10 exercise price
Key Terms
open-market sale, Employee Stock Option (Right to Buy), weighted average sale price, derivative security
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Richardson Electronics (RELL) director Kenneth Halverson report?
Kenneth Halverson reported exercising options for 10,000 Richardson Electronics shares and selling 10,000 shares in the open market. These trades occurred on May 5, 2026 and involved Common Stock acquired from employee stock options and then sold at market prices.
What option exercises did Kenneth Halverson disclose for Richardson Electronics (RELL)?
Halverson exercised employee stock options covering 10,000 underlying Richardson Electronics shares. He acquired 5,000 shares at an exercise price of $7.66 per share and another 5,000 shares at $9.10 per share, converting derivative positions into Common Stock on May 5, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
