Form 4: Precision Optics Director Exercises Options, Acquires 1,000 Shares
SEC Form 4 Filing
Richard B. Miles, a director at Precision Optics Corporation, exercised stock options to acquire 1,000 shares of common stock at $2.70 per share on December 30, 2023.
Summary
- On December 30, 2023, Richard B. Miles, a director of Precision Optics Corporation, exercised stock options.
- This transaction involved the acquisition of 1,000 shares of the company's common stock.
- The exercise price for the options was $2.70 per share.
- Following the transaction, Miles directly owns 6,037 shares of Precision Optics Corporation.
- The options were granted as director's compensation and were immediately exercisable on January 2, 2014, expiring on January 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's performance.
Positives
- A director exercising options can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
This is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2014 | Date the director options were immediately exercisable |
| 12/30/2023 | Date of the stock option exercise. |
| 01/02/2024 | Expiration date of the director options. |
| 10/28/2024 | Date of the signature on the Form 4 filing. |
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