Form 4: Solitron Devices COO Buys 5,000 Shares Under 10b5-1 Plan

Solitron Devices' President and COO, Mark Matson, acquired 5,000 shares of common stock at $18.01 per share, increasing his direct beneficial ownership to 233,573 shares.

Summary

• Mark Matson, President and COO of Solitron Devices Inc. (SODI), acquired 5,000 shares of the company's common stock.
• The transaction occurred on December 9, 2025, at a price of $18.01 per share.
• This acquisition was made pursuant to a Rule 10b5-1(c) plan, which was adopted on August 13, 2025.
• The purchase is part of Mr. Matson's Employment Agreement, effective August 13, 2025, granting him the right to buy up to 5,000 shares quarterly at the weighted average share price for the quarter.
• Following this transaction, Mr. Matson directly beneficially owns 233,573 shares of Solitron Devices common stock.
• The share price on the exercise date was $19.60, indicating the purchase was made at a discount to the market price on that day.

Sentiment

Score: 7

Explanation: The sentiment is positive due to insider buying by a high-ranking executive, which typically signals confidence in the company's future. The purchase was also made at a price below the market price on the exercise date.

Positives

• Insider buying by a key executive (President and COO) signals confidence in the company's future prospects.
• The acquisition was made at $18.01 per share, which was lower than the share price of $19.60 on the exercise date, indicating a favorable purchase price for the insider.

Future Outlook

N/A

Industry Context

N/A

Corporate Governance

Related Party Transactions

• The acquisition of 5,000 shares by Mark Matson, President and COO, from Solitron Devices Inc. is a related party transaction, as it is part of his employment agreement and compensation structure.

Stakeholder Impact

• Shareholders: The insider purchase by a key executive may be viewed positively, signaling management's confidence in the company's valuation and future performance.
• Employees: The executive's equity ownership aligns his interests with the long-term success of the company, potentially benefiting all employees through a stronger company performance.

Key Dates

Recommendation

While insider buying is generally a positive signal, this specific transaction is part of a pre-arranged employment agreement and 10b5-1 plan, making it a scheduled event rather than a discretionary market purchase based on new, immediate information. It reinforces alignment of interests but doesn't necessarily indicate a strong 'buy' signal on its own. Investors should consider broader company fundamentals and market conditions.

Keywords

Solitron Devices, SODI, Mark Matson, Insider Trading, Form 4, Stock Purchase, 10b5-1 Plan, Executive Compensation, Common Stock