Director at Trio-Tech (NYSE: TRT) exercises options on 110,094 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trio-Tech International director Jason T. Adelman exercised stock options to acquire additional common shares. He exercised rights to buy 70,094 shares of common stock at an exercise price of $2.57 per share and 40,000 shares at $3.88 per share.
Following these option exercises, the Form 4 shows direct holdings of 150,094 common shares in one line item and 80,000 common shares in another, reflecting his updated reported ownership from the respective grants, with no sales reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
110,094 shares exercised/converted
Mixed
4 txns
Insider
ADELMAN JASON T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock (Right to Buy) | 70,094 | $0.00 | -- |
| Exercise | Common Stock (Right to Buy) | 40,000 | $0.00 | -- |
| Exercise | Common Stock | 40,000 | $3.88 | $155K |
| Exercise | Common Stock | 70,094 | $2.57 | $180K |
Holdings After Transaction:
Common Stock (Right to Buy) — 0 shares (Direct, null);
Common Stock — 80,000 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised at $2.57: 70,094 shares at $2.57/share
Options exercised at $3.88: 40,000 shares at $3.88/share
Total options exercised: 110,094 shares
+4 more
7 metrics
Options exercised at $2.57
70,094 shares at $2.57/share
Common Stock acquired via option exercise
Options exercised at $3.88
40,000 shares at $3.88/share
Common Stock acquired via option exercise
Total options exercised
110,094 shares
Aggregate derivative exercises in this Form 4
Direct holdings line 1
150,094 shares
Common Stock owned directly after one transaction row
Direct holdings line 2
80,000 shares
Common Stock owned directly after another transaction row
Exercise price (derivative row 1)
$2.57/share
Conversion or exercise price for 70,094-share option
Exercise price (derivative row 2)
$3.88/share
Conversion or exercise price for 40,000-share option
Key Terms
Common Stock (Right to Buy), Exercise or conversion of derivative security, derivative security, transaction code M
4 terms
Common Stock (Right to Buy) financial
"security_title: "Common Stock (Right to Buy)" in derivative entries"
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
derivative security financial
"transaction_type marked as "derivative" for option-related entries"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
transaction code M financial
"transaction_code: "M" on all reported transactions"
FAQ
What did TRT director Jason T. Adelman report in this Form 4?
Jason T. Adelman reported exercising stock options to acquire additional Trio-Tech International common shares. The filing shows option exercises converting derivative awards into common stock, increasing his direct equity exposure with no sales reported in this Form 4.
At what exercise prices were Jason Adelman’s Trio-Tech (TRT) options converted?
He exercised one tranche of options at an exercise price of $2.57 per share and another tranche at $3.88 per share. These prices reflect the predetermined strike prices of the derivative awards, not current market trading prices.
What are Jason Adelman’s reported Trio-Tech (TRT) holdings after these option exercises?
After the reported exercises, one line of the Form 4 shows 150,094 common shares owned directly, and another line shows 80,000 common shares owned directly. These figures relate to the respective grants reflected in the individual transaction rows.
What does transaction code M mean in Jason Adelman’s Trio-Tech (TRT) filing?
Transaction code M denotes the exercise or conversion of a derivative security, such as a stock option, into common stock. In Adelman’s Form 4, each transaction with code M reflects converting option awards into Trio-Tech common shares at their stated exercise prices.