Wendy Diddell - Aug 16, 2023 Form 4 Insider Report for RICHARDSON ELECTRONICS, LTD. (RELL)

Role
COO, Director
Signature
/s/ Robert J. Ben, attorney-in-fact for Wendy Diddell
Stock symbol
RELL
Transactions as of
Aug 16, 2023
Transactions value $
-$30,376
Form type
4
Date filed
8/18/2023, 10:03 AM
Previous filing
Aug 10, 2023
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELL Common Stock Options Exercise $14.7K +1.92K +1.82% $7.66 107K Aug 16, 2023 Direct
transaction RELL Common Stock Sale -$23.1K -1.92K -1.79% $12.05 105K Aug 16, 2023 Direct F1
transaction RELL Common Stock Sale -$21.9K -1.82K -1.72% $12.08 104K Aug 16, 2023 Direct F2

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 -1.92K -51.67% $0.00 1.8K Aug 16, 2023 Common Stock 1.92K $7.66 Direct F3
* 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 $12.00 to $12.09 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.135 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.
F3 Options vest 20% per year, beginning 07/19/2022