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

Role
Director
Signature
/s/ Robert J. Ben, attorney-in-fact for James Benham
Issuer symbol
RELL
Transactions as of
11 Oct 2022
Net transactions value
-$210,180
Form type
4
Filing time
13 Oct 2022, 14:08:09 UTC
Previous filing
20 Jul 2022
Next filing
25 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELL Common Stock Options Exercise $278,500 +25,000 $11.14 25,000 11 Oct 2022 Direct
transaction RELL Common Stock Sale $488,680 -25,000 -100% $19.55 0 11 Oct 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 -25,000 -100% $0.000000* 0 11 Oct 2022 Common Stock 25,000 $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