Lawrence Chariton - Apr 9, 2025 Form 4 Insider Report for SURGE COMPONENTS INC (SPRS)

Role: Director
Signature: /s/ Lawrence Chariton
Stock symbol: SPRS
Transactions as of: Apr 9, 2025
Transactions value $: $3,702
Form type: 4
Date filed: 4/11/2025, 05:16 PM
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPRS	Common Stock	Options Exercise	$21.2K	+15K	+9.52%	$1.41	173K	Apr 9, 2025	Direct
transaction	SPRS	Common Stock	Tax liability	-$17.4K	-8.72K	-5.06%	$2.00	164K	Apr 9, 2025	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	SPRS	Stock Option	Tax liability	$0	-15K	-100%	$0.00	0	Apr 9, 2025	Common Stock	15K	$1.41	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reflects the cashless exercise of a stock option to purchase 15,000 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 8,724 shares of common stock for payment of the exercise price, based on the closing price of the issuer's common stock on April 7, 2025 of $2.00, and issuing to the reporting person the remaining 6,276 shares of common stock.

Content

Reflects the cashless exercise of a stock option to purchase 15,000 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 8,724 shares of common stock for payment of the exercise price, based on the closing price of the issuer's common stock on April 7, 2025 of $2.00, and issuing to the reporting person the remaining 6,276 shares of common stock.