Solitron Devices (SODI) President & COO acquires 5,000 shares under plan
Rhea-AI Filing Summary
Solitron Devices Inc. reported that President, COO and 10% owner Mark Matson acquired additional company stock under his employment agreement. On December 9, 2025, he purchased 5,000 shares of common stock at a weighted average price of $18.01 for Solitron’s third quarter of fiscal 2026, while the share price on the exercise date was $19.60. Following this transaction, Matson beneficially owns 233,573 shares directly.
The purchase was made pursuant to a Rule 10b5-1(c) trading plan that was adopted on August 13, 2025. Under his employment agreement effective on that date, Matson has the right each quarter to buy up to 5,000 shares at the quarter’s weighted average share price for thirty days after the quarter ends.
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FAQ
What insider transaction did Solitron Devices (SODI) disclose?
Mark Matson, President, COO and 10% owner of Solitron Devices Inc. (SODI), acquired 5,000 shares of common stock on December 9, 2025 under his employment agreement.
At what price did the Solitron Devices (SODI) insider shares transact?
The transaction for 5,000 shares used a $18.01 weighted average share price for Solitron’s third quarter fiscal 2026, while the share price on the exercise date was $19.60.
How many Solitron Devices (SODI) shares does Mark Matson own after this transaction?
After the reported acquisition, Mark Matson beneficially owns 233,573 shares of Solitron Devices common stock, held directly.
What is the basis for Mark Matson’s right to buy Solitron Devices (SODI) shares?
Under his Employment Agreement effective August 13, 2025, Mark Matson may purchase up to 5,000 shares of Solitron common stock each quarter at the weighted average share price for that quarter, during a thirty-day period after quarter end.
Was the Solitron Devices (SODI) insider trade under a Rule 10b5-1 plan?
Yes. The transaction was made pursuant to a Rule 10b5-1(c) trading plan, which was adopted on August 13, 2025.
What roles does Mark Matson hold at Solitron Devices (SODI)?
Mark Matson is a director, President, Chief Operating Officer (COO), and a 10% owner of Solitron Devices Inc.