COO of TAT Technologies (NASDAQ: TATT) exercises options and sells shares
Rhea-AI Filing Summary
TAT Technologies Chief Operating Officer Jason Lewandowski completed a same-day option exercise and share sale involving 3,125 Ordinary Shares. He exercised 3,125 fully vested stock options at an exercise price of $6.59 per share and immediately sold all 3,125 shares at $41.14 per share in an open-market transaction, retaining no shares from the exercise.
According to the disclosure, this generated approximate gross proceeds of $107,965 for the reporting person before taxes and commissions. Following these transactions, he no longer holds these shares but continues to hold 6,250 unvested stock options that are scheduled to vest in two equal installments of 3,125 options on September 1, 2026, and December 1, 2026, subject to continued employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 3,125 | $41.14 | $129K |
| Exercise | Ordinary Shares | 3,125 | $6.59 | $21K |
| Sale | Ordinary Shares | 3,125 | $41.14 | $129K |
Footnotes (1)
- Transaction Code 'M' - Exercise of stock options. The reporting person exercised 3,125 fully vested stock options at the exercise (strike) price of $6.59 per share as part of a same-day exercise-and-sale transaction. The shares were simultaneously sold and were not retained by the reporting person. Transaction Code 'S' - Open-market sale. Pursuant to a same-day exercise-and-sale transaction, all 3,125 Ordinary Shares acquired upon exercise of the options referenced in footnote 1 were immediately sold at a price of $41.14 per share. The reporting person did not retain any shares from this transaction. Net proceeds to the reporting person (before taxes and commissions) were approximately $107,965 representing the spread between the sale price ($41.14) and the exercise price ($6.59) on 3,125 shares. Following these transactions, the reporting person holds 6,250 unvested options which vest in installments of 3,125 on each of September 1, 2026, and December 1, 2026, subject to the Reporting Person's continued employment with the Issuer through each such vesting date.