Wendy Diddell - 08 Aug 2023 Form 4 Insider Report for RICHARDSON ELECTRONICS, LTD. (RELL)

Role
COO, Director
Signature
/s/ Robert J. Ben, attorney-in-fact for Wendy Diddell
Issuer symbol
RELL
Transactions as of
08 Aug 2023
Net transactions value
-$355,848
Form type
4
Filing time
10 Aug 2023, 16:41:57 UTC
Previous filing
07 Aug 2023
Next filing
18 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELL Common Stock Options Exercise $44,880 +8,000 +6.6% $5.61 129,147 08 Aug 2023 Direct
transaction RELL Common Stock Options Exercise $34,080 +8,000 +6.2% $4.26 137,147 08 Aug 2023 Direct
transaction RELL Common Stock Options Exercise $32,831 +4,286 +3.1% $7.66 141,433 08 Aug 2023 Direct
transaction RELL Common Stock Sale $263,738 -20,286 -14% $13.00 121,147 08 Aug 2023 Direct F1
transaction RELL Common Stock Sale $203,900 -15,675 -13% $13.01 105,472 08 Aug 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 -8,000 -100% $0.000000* 0 08 Aug 2023 Common Stock 8,000 $5.61 Direct F3
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -8,000 -100% $0.000000* 0 08 Aug 2023 Common Stock 8,000 $4.26 Direct F4
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -4,286 -54% $0.000000 3,714 08 Aug 2023 Common Stock 4,286 $7.66 Direct F5
* 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 $13.00 to $13.02 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 $13.00 to $13.14 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 07/22/2020
F4 Options vest 20% per year, beginning 07/21/2021
F5 Options vest 20% per year, beginning 07/19/2022