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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common stock | 5,000 | $18.01 | $90K |
Footnotes (1)
- Adoption date of referenced 10b5-1(c) plan is: 08-13-2025. Per the terms of Mr. Matson's Employment Agreement, Effective Date August 13, 2025, Mr. Matson has the right to purchase up to 5,000 shares of Company common stock each quarter at a weighted average share price for the quarter for a period of thirty days after the end of the quarter. The weighted average share price was $18.01 for Solitron's third quarter fiscal year 2026. The share price on the exercise date was $19.60.
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.
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.