Robert J. Ben - 22 Jul 2024 Form 4 Insider Report for RICHARDSON ELECTRONICS, LTD. (RELL)

Role: CFO, CAO, Corporate Secretary
Signature: /s/ Robert J. Ben
Issuer symbol: RELL
Transactions as of: 22 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 24 Jul 2024, 15:53:03 UTC
Previous filing: 22 Jul 2024
Next filing: 06 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RELL	Common Stock	Award	$0	+7,500	+16%	$0.000000	54,534	22 Jul 2024	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	+10,000		$0.000000	10,000	22 Jul 2024	Common Stock	10,000	$11.89	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 July 22, 2024 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 date of grant, until fully vested.