OLEANDRO MANCINI - 23 Apr 2025 Form 4 Insider Report for FREQUENCY ELECTRONICS INC (FEIM)

Role: Sr. VP Business Development
Signature: /s/ Steven Bernstein
Issuer symbol: FEIM
Transactions as of: 23 Apr 2025
Transactions value $: -$12
Form type: 4
Filing time: 25 Apr 2025, 13:40:15 UTC
Previous filing: 02 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FEIM	Common Stock	Options Exercise	$132,400	+10,000	+32%	$13.24	41,220	23 Apr 2025	Direct
transaction	FEIM	Common Stock	Tax liability	-$132,412	-7,344	-18%	$18.03	33,876	23 Apr 2025	Direct

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	FEIM	Stock Appreciation Rights	Options Exercise	$0	-10,000	-100%	$0	0	17 Apr 2025	Common Stock	10,000	$13.24	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person exercised a Stock Appreciation Right based on 10,000 shares of Frequency Electronics common stock, receiving 2,656 shares which is equivalent to the appreciated value of the common stock since the grant date.
F2	Total also reflects the expiration of 30,000 Stock Appreciation Rights previously granted to the reporting person that have expired without being exercised.