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Richardson Electronics (RELL) Form 4 filing – 21 Jul 2025. Chief Operating Officer and Director Wendy Diddell reported two transactions coded “F,” indicating shares automatically withheld by the company to cover income-tax obligations triggered by the vesting of previously granted restricted stock.
- 17 Jul 2025: 2,611 common shares surrendered at a reference price of $9.78.
- 18 Jul 2025: 2,604 common shares surrendered at a reference price of $9.58.
The total of 5,215 shares (≈4.5 % of her pre-transaction position) was returned to the issuer; no open-market sale occurred and the transactions generate no cash proceeds for the insider. After the withholdings, Diddell’s direct beneficial ownership stands at 110,400 shares.
Because the activity represents routine tax-withholding rather than discretionary selling or buying, it is generally viewed as neutral from a trading-signal perspective. The filing does, however, provide investors with an updated insider share count.