Simulations Plus (SLP) officer exercises 8,950 options into common shares

Rhea-AI Filing Summary

Simulations Plus, Inc. executive Jill Fiedler-Kelly exercised employee stock options and increased her direct shareholdings. On January 28, 2026, she exercised 8,950 fully vested employee stock options at an exercise price of $9.71 per share, receiving the same number of common shares.

Following this transaction, Fiedler-Kelly directly owned 77,817 shares of Simulations Plus common stock. The reported employee stock option position involved in this exercise was reduced to zero after the transaction, indicating the option grant was fully used.

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

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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^*

Fiedler-Kelly Jill

(Last) (First) (Middle)

800 PARK OFFICES DRIVE, SUITE 401

(Street)

RESEARCH TRIANGLE PARK NC 27709

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Simulations Plus, Inc. [ SLP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Services Solutions

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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	01/28/2026		M		8,950	A	$9.71	77,817	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
Employee Stock Option (Right to Buy)	$9.71	01/28/2026		M			8,950	(1)	02/25/2026	Common Stock	8,950	$0	0	D

Explanation of Responses:

1. Fully vested.

Remarks:

	/s/ William Frederick, attorney-in-fact for Jill Fiedler-Kelly	01/29/2026
	** 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.

FAQ

What insider transaction did Simulations Plus (SLP) report for January 28, 2026?

Simulations Plus reported that executive Jill Fiedler-Kelly exercised 8,950 employee stock options on January 28, 2026, converting them into 8,950 shares of common stock at a $9.71 exercise price per share.

How many Simulations Plus (SLP) shares does Jill Fiedler-Kelly own after this Form 4?

After the reported transaction, Jill Fiedler-Kelly directly owned 77,817 shares of Simulations Plus common stock. This reflects the addition of 8,950 shares obtained through the exercise of fully vested employee stock options.

What was the nature of the Simulations Plus (SLP) Form 4 option transaction?

The Form 4 shows a code “M” transaction, meaning Fiedler-Kelly exercised employee stock options. She exercised 8,950 options at an exercise price of $9.71 per share, receiving 8,950 Simulations Plus common shares in return.

Did Jill Fiedler-Kelly dispose of any Simulations Plus (SLP) shares in this filing?

The filing reports the exercise of 8,950 employee stock options and acquisition of 8,950 common shares. It does not show any sale or disposition of common stock in this particular transaction; shares are listed as acquired.

What does the footnote ‘fully vested’ mean in the Simulations Plus (SLP) Form 4?

The footnote stating “Fully vested” indicates the employee stock options exercised by Jill Fiedler-Kelly were completely vested and exercisable. This means all 8,950 options were available to convert into common shares at the stated exercise price.

Is Jill Fiedler-Kelly a major shareholder or officer at Simulations Plus (SLP)?

Jill Fiedler-Kelly is reported as an officer of Simulations Plus, serving as President, Services Solutions. The Form 4 does not classify her as a 10% owner but discloses her role and direct ownership of 77,817 common shares after the transaction.