Steven Lubman - Apr 10, 2025 Form 4 Insider Report for SURGE COMPONENTS INC (SPRS)

Role: V P, Secretary & Treasurer, Director
Signature: /s/ Steven Lubman
Stock symbol: SPRS
Transactions as of: Apr 10, 2025
Transactions value $: $22,131
Form type: 4
Date filed: 4/14/2025, 04:05 PM
Previous filing: Jun 12, 2023
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	$70.5K	+50K	+4.9%	$1.41	1.07M	Apr 10, 2025	Direct
transaction	SPRS	Common Stock	Tax liability	-$48.4K	-22K	-2.05%	$2.20	1.05M	Apr 10, 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	-50K	-100%	$0.00	0	Apr 10, 2025	Common Stock	50K	$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 50,000 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 21,986 shares of common stock for payment of the exercise price, based on the closing price of the issuer's common stock on April 10, 2025 of $2.20, and issuing to the reporting person the remaining 28,014 shares of common stock.

Content

Reflects the cashless exercise of a stock option to purchase 50,000 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 21,986 shares of common stock for payment of the exercise price, based on the closing price of the issuer's common stock on April 10, 2025 of $2.20, and issuing to the reporting person the remaining 28,014 shares of common stock.