Steven J. Lubman - 10 Apr 2025 Form 4 Insider Report for SURGE COMPONENTS INC (SPRS)

Reporting relationship: V P, Secretary & Treasurer, Director
Issuer ticker: SPRS
Reported as of: 10 Apr 2025
Net transaction value: +$22,131
SEC form: 4
Accepted by SEC: 14 Apr 2025, 16:05:27 UTC
Prior SEC filing: 12 Jun 2023
Next SEC filing: 27 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Steven Lubman

Key filing fact

Steven J. Lubman filed Form 4 for SURGE COMPONENTS INC (SPRS) on 14 Apr 2025.

Key facts

This page summarizes Steven J. Lubman's Form 4 filing for SURGE COMPONENTS INC (SPRS).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Apr 2025, 16:05.

Change

Previous filing in this sequence was filed on 12 Jun 2023.
Current net transaction value: +$22,131.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPRS transaction

Common Stock

Options Exercise

Transaction value: $70,500
Shares: +50,000
Change %: +4.9%
Price: $1.41
Shares after: 1,070,952
Date: 10 Apr 2025
Ownership: Direct

SPRS transaction

Common Stock

Tax liability

Transaction value: $48,369
Shares: -21,986
Change %: -2.1%
Price: $2.20
Shares after: 1,048,966
Date: 10 Apr 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPRS transaction Derivative

Stock Option

Tax liability

Transaction value: $0
Shares: -50,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 10 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 50,000
Exercise price: $1.41
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

Reflects the cashless exercise of a stock option to purchase 50,000 shares of common stock previously granted to the reporting person pursuant to Rule 16b-3. The reporting person paid the exercise price on a cashless basis, resulting in the issuer withholding 21,986 shares of common stock for payment of the exercise price, based on the closing price of the issuer's common stock on April 10, 2025 of $2.20, and issuing to the reporting person the remaining 28,014 shares of common stock.