James Benham - Oct 11, 2022 Form 4 Insider Report for RICHARDSON ELECTRONICS, LTD. (RELL)

Role
Director
Signature
/s/ Robert J. Ben, attorney-in-fact for James Benham
Stock symbol
RELL
Transactions as of
Oct 11, 2022
Transactions value $
-$210,180
Form type
4
Date filed
10/13/2022, 02:08 PM
Previous filing
Jul 20, 2022
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELL Common Stock Options Exercise $279K +25K $11.14 25K Oct 11, 2022 Direct
transaction RELL Common Stock Sale -$489K -25K -100% $19.55 0 Oct 11, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -25K -100% $0.00* 0 Oct 11, 2022 Common Stock 25K $11.14 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.09 to $19.88 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Options vest 20% per year, beginning 10/08/2014