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Taylor Devices (NASDAQ: TAYD) director exercises 5,000 options, holds 43,426 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TAYLOR DEVICES, INC. director John Burgess exercised stock options to acquire 5,000 shares of common stock at an exercise price of $16.40 per share on April 13, 2026. As part of the same event, 1,574 shares of common stock were withheld to satisfy the exercise price or related tax liability, which is a non-market, tax-withholding disposition rather than an open-market sale. Following these transactions, Burgess directly owns 43,426 shares of Taylor Devices common stock.

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Insider Burgess John
Role Director
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) 5,000 $0.00 --
Exercise Common Stock 5,000 $16.40 $82K
Tax Withholding Common Stock 1,574 $52.107 $82K
Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 45,000 shares (Direct)
Footnotes (1)
Options Exercised 5,000 shares Stock options exercised on April 13, 2026
Exercise Price $16.40 per share Stock option exercise price for 5,000 shares
Tax-Withholding Shares 1,574 shares Shares delivered to satisfy exercise price or tax liability
Tax-Withholding Reference Price $52.107 per share Price used for 1,574-share tax-withholding disposition
Post-Transaction Holdings 43,426 shares Common stock directly owned after April 13, 2026 transactions
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
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*
Burgess John

(Last)(First)(Middle)
90 TAYLOR DRIVE

(Street)
NORTH TONAWANDA NEW YORK 14120

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
TAYLOR DEVICES, INC. [ TAYD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form 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 Stock04/13/2026M5,000A$16.445,000D
Common Stock04/13/2026F1,574D$52.10743,426D
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
Stock Option (Right to Buy)$16.404/13/2026M5,00004/18/201604/18/2026Common Stock5,000$00D
Explanation of Responses:
Burgess John04/15/2026
** 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)

FAQ

What did Taylor Devices (TAYD) director John Burgess report in this Form 4?

John Burgess reported exercising stock options for 5,000 shares of Taylor Devices common stock at $16.40 per share. In the same event, some shares were withheld to cover obligations, and his direct holdings increased to 43,426 shares after the transactions.

How many Taylor Devices (TAYD) options did John Burgess exercise and at what price?

He exercised stock options covering 5,000 shares of Taylor Devices common stock at an exercise price of $16.40 per share. This converted his derivative position into directly held common shares as of April 13, 2026, according to the Form 4 disclosure.

Were any Taylor Devices (TAYD) shares sold on the market in this Form 4 filing?

No open-market sale is indicated. The filing shows a tax-withholding disposition of 1,574 shares at $52.107 per share, used to satisfy exercise price or tax obligations, which differs from a discretionary sale and is a mechanistic part of the option exercise.

What are John Burgess’s Taylor Devices (TAYD) holdings after these transactions?

After exercising options and the related tax-withholding share disposition, John Burgess directly holds 43,426 shares of Taylor Devices common stock. This figure reflects his position immediately following the April 13, 2026 transactions reported in the Form 4.

What does the tax-withholding disposition mean in the Taylor Devices (TAYD) Form 4?

The Form 4 shows 1,574 Taylor Devices shares disposed of at $52.107 per share as a tax-withholding transaction. This means shares were delivered to cover the exercise price or tax liability, rather than being sold in an open-market trade initiated for investment reasons.