Form 4: PRO DEX Director Raymond Cabillot Receives Restricted Stock

PRO DEX Director and 10% owner Raymond E. Cabillot was granted 1,000 restricted shares under the company's 2016 Equity Incentive Plan.

Summary

• Raymond E. Cabillot, a Director and 10% owner of PRO DEX INC (PDEX), acquired 1,000 shares of common stock.
• The acquisition occurred on November 20, 2025, and was a grant of restricted shares under the Issuer's 2016 Equity Incentive Plan.
• The shares were acquired at a price of $0.00, indicating they were part of an equity compensation award.
• Following this transaction, Cabillot directly beneficially owns 2,000 shares of common stock.
• Additionally, Cabillot indirectly beneficially owns 270,846 shares through Farnam Street Partners, L.P.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine insider transaction (equity grant) which generally aligns management interests with shareholders, but it doesn't provide new operational or financial performance information.

Positives

• The grant of restricted shares to a director and significant owner aligns management's interests with shareholders.
• The transaction was executed under a Rule 10b5-1(c) plan, demonstrating a pre-planned and transparent approach to equity compensation.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider transaction.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction and does not provide broader industry context. Equity grants to directors are a common practice in publicly traded companies to align leadership incentives with shareholder value.

Comparison to Industry Standards

• The grant of restricted shares to a director is a standard practice in corporate compensation across various industries, including medical device manufacturing where PRO DEX operates.
• The use of a Rule 10b5-1 plan for such transactions is also a common and recommended practice for insiders to avoid accusations of trading on material non-public information, aligning with best practices for corporate governance.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted shares to a director and 10% owner can be viewed positively as it aligns management's long-term interests with shareholder value creation.

Key Dates

Recommendation

This Form 4 filing reports a routine insider transaction involving an equity grant to a director. While it indicates continued alignment of management's interests with shareholders, it does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell.

Keywords

PRO DEX, PDEX, Raymond Cabillot, Restricted Stock, Equity Incentive Plan, Form 4, Insider Ownership, Corporate Governance, Stock Grant