Edward J. Richardson - Jul 17, 2023 Form 4 Insider Report for RICHARDSON ELECTRONICS, LTD. (RELL)

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Robert J. Ben, attorney-in-fact for Edward J. Richardson
Stock symbol
RELL
Transactions as of
Jul 17, 2023
Transactions value $
$0
Form type
4
Date filed
7/19/2023, 08:55 PM
Previous filing
Jun 23, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELL Common Stock Award $0 +20K +40.24% $0.00 69.7K Jul 17, 2023 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) Award $0 +20K $0.00 20K Jul 17, 2023 Common Stock 20K $15.51 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted stock award under the Richardson Electronics, Ltd. Amended and Restated 2011 Long-Term Incentive Plan, which shall vest ratably over a three year period, beginning on the first anniversary of the date of issuance
F2 The stock option was granted on 07/17/2023 pursuant to the Richardson Electronics, Ltd. 2011 Amended and Restated Long-Term Incentive Plan. The option vests over 5 years with 1/5 of the total number of shares subject to the option vesting on each anniversary of the date of grant, until fully vested