KATHLEEN MCNALLY - 18 Aug 2023 Form 4 Insider Report for RICHARDSON ELECTRONICS, LTD. (RELL)

Role
Sr. VP Global Supply Chain
Signature
/s/ Robert J. Ben attorney-in-fact for Kathleen McNally
Issuer symbol
RELL
Transactions as of
18 Aug 2023
Net transactions value
-$40,910
Form type
4
Filing time
21 Aug 2023, 15:40:31 UTC
Previous filing
28 Jul 2023
Next filing
18 Jul 2024
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 $7,386 +663 +1.7% $11.14 39,310 18 Aug 2023 Direct
transaction RELL Common Stock Options Exercise $56,214 +8,147 +21% $6.90 47,457 18 Aug 2023 Direct
transaction RELL Common Stock Sale $104,510 -8,810 -19% $11.86 38,647 18 Aug 2023 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) Options Exercise $0 -663 -100% $0.000000* 0 18 Aug 2023 Common Stock 663 $11.14 Direct F2
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -8,147 -81% $0.000000 1,853 18 Aug 2023 Common Stock 8,147 $6.90 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 $11.80 to $11.92 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 Options vest 20% per year, beginning 10/8/2014
F3 Options vest 20% per year, beginning 10/03/2017