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Solitron Devices holder sells 4,800 shares at $33.17

The reported sales were attributed to the Fund’s shares, while its general partner, investment manager and managing member also reported deemed beneficial ownership.

(Very High)

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Form Type
4

Rhea-AI Filing Summary

Olesen Value Fund L.P., a ten-percent owner of Solitron Devices Inc. (SODI), reported sales of shares directly beneficially owned by the Fund: 4,800 shares at $33.17 per share on September 30, 2026, and 600 shares at $33.25 per share on September 29, 2026. The Fund’s general partner, Olesen Value Fund GP LLC, its investment manager, Olesen Capital Management LLC, and Christian Olesen, managing member of both, also reported deemed beneficial ownership of those shares. No Rule 10b5-1 plan is reported.

Insider Olesen Value Fund L.P., Olesen Value Fund GP LLC, Olesen Capital Management LLC, Olesen Christian
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 21,600 shs ($717K)
Type Security Shares Price Value
Sale Common Stock, $0.01 par value F1 4,800 $33.17 $159K
Sale Common Stock, $0.01 par value F1, F2 4,800 $33.17 $159K
Sale Common Stock, $0.01 par value F1, F3 4,800 $33.17 $159K
Sale Common Stock, $0.01 par value F1, F4 4,800 $33.17 $159K
Sale Common Stock, $0.01 par value F1 600 $33.25 $20K
Sale Common Stock, $0.01 par value F1, F2 600 $33.25 $20K
Sale Common Stock, $0.01 par value F1, F3 600 $33.25 $20K
Sale Common Stock, $0.01 par value F1, F4 600 $33.25 $20K
Holdings After Transaction: Common Stock, $0.01 par value — 211,108 shares (Direct); Common Stock, $0.01 par value — 211,108 shares (Indirect, By Olesen Value Fund GP LLC); Common Stock, $0.01 par value — 211,108 shares (Indirect, By Olesen Capital Management LLC); Common Stock, $0.01 par value — 211,108 shares (Indirect, By Christian Olesen)
Footnotes (4)
  1. F1. This Form 4 is filed jointly by Olesen Value Fund L.P., Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen, the address of each of which is c/o Olesen Capital Management LLC, 185 Hudson Street, Suite 2539, Jersey City, NJ 07311 (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the shares of common Stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
  2. F2. Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Value Fund GP LLC, as the general partner of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.
  3. F3. Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Capital Management LLC, as the investment manager of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.
  4. F4. Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Christian Olesen, as the managing member of Olesen Value Fund GP LLC and Olesen Capital Management LLC, may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.
Shares sold 4,800 shares September 30, 2026
Sale price $33.17 per share September 30, 2026
Shares sold 600 shares September 29, 2026
Sale price $33.25 per share September 29, 2026
beneficial ownership regulatory
"disclaims beneficial ownership of the shares of common Stock reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of its or his pecuniary interest therein"
general partner financial
"as the general partner of Olesen Value Fund L.P."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
investment manager financial
"as the investment manager of Olesen Value Fund L.P."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why are Olesen entities listed as SODI beneficial owners?

They were listed because the reported shares were directly beneficially owned by Olesen Value Fund L.P., while related parties may be deemed beneficial owners. The Fund’s general partner, Olesen Value Fund GP LLC, and investment manager, Olesen Capital Management LLC, may be deemed beneficial owners, as may Christian Olesen as managing member of both entities. Each reporting person disclaimed beneficial ownership except to the extent of its or his pecuniary interest.

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

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Learn about SEC filing dates
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*
Olesen Value Fund L.P.

(Last)(First)(Middle)
C/O OLESEN CAPITAL MANAGEMENT LLC
185 HUDSON STREET, SUITE 2539

(Street)
JERSEY CITY NEW JERSEY 07311

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SOLITRON DEVICES INC [ SODI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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 Stock, $0.01 par value(1)09/29/2026S600D$33.25215,908D
Common Stock, $0.01 par value(1)09/29/2026S600D$33.25215,908IBy Olesen Value Fund GP LLC(2)
Common Stock, $0.01 par value(1)09/29/2026S600D$33.25215,908IBy Olesen Capital Management LLC(3)
Common Stock, $0.01 par value(1)09/29/2026S600D$33.25215,908IBy Christian Olesen(4)
Common Stock, $0.01 par value(1)09/30/2026S4,800D$33.17211,108D
Common Stock, $0.01 par value(1)09/30/2026S4,800D$33.17211,108IBy Olesen Value Fund GP LLC(2)
Common Stock, $0.01 par value(1)09/30/2026S4,800D$33.17211,108IBy Olesen Capital Management LLC(3)
Common Stock, $0.01 par value(1)09/30/2026S4,800D$33.17211,108IBy Christian Olesen(4)
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
1. Name and Address of Reporting Person*
Olesen Value Fund L.P.

(Last)(First)(Middle)
C/O OLESEN CAPITAL MANAGEMENT LLC
185 HUDSON STREET, SUITE 2539

(Street)
JERSEY CITY NEW JERSEY 07311

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Olesen Value Fund GP LLC

(Last)(First)(Middle)
C/O OLESEN CAPITAL MANAGEMENT LLC
185 HUDSON STREET, SUITE 2539

(Street)
JERSEY CITY NEW JERSEY 07311

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Olesen Capital Management LLC

(Last)(First)(Middle)
185 HUDSON STREET
SUITE 2539

(Street)
JERSEY CITY NEW JERSEY 07311

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Olesen Christian

(Last)(First)(Middle)
C/O OLESEN CAPITAL MANAGEMENT LLC
185 HUDSON STREET, SUITE 2539

(Street)
JERSEY CITY NEW JERSEY 07311

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. This Form 4 is filed jointly by Olesen Value Fund L.P., Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen, the address of each of which is c/o Olesen Capital Management LLC, 185 Hudson Street, Suite 2539, Jersey City, NJ 07311 (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the shares of common Stock reported herein except to the extent of its or his pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
2. Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Value Fund GP LLC, as the general partner of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.
3. Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Olesen Capital Management LLC, as the investment manager of Olesen Value Fund L.P., may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.
4. Shares of Common Stock beneficially owned directly by Olesen Value Fund L.P. Christian Olesen, as the managing member of Olesen Value Fund GP LLC and Olesen Capital Management LLC, may be deemed the beneficial owner of the shares of Common Stock beneficially owned by Olesen Value Fund L.P.
For Olesen Value Fund L.P.; By: Olesen Capital Management LLC,; By: /s/ Christian Olesen, Managing Member10/01/2026
For Olesen Value Fund GP LLC; By: /s/ Christian Olesen, Managing Member10/01/2026
For Olesen Capital Management LLC; By: /s/ Christian Olesen, Managing Member10/01/2026
For Christian Olesen; By: /s/ Christian Olesen10/01/2026
** 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)

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