Form 4: Sono-Tek Corp Director Acquires Shares Through Option Exercise
SEC Form 4
Director Joseph Riemer exercised options to acquire 5,333 shares of Sono-Tek Corp common stock at a price of $4.12 on August 22, 2024.
Summary
- On August 22, 2024, Joseph Riemer, a director of Sono-Tek Corp, exercised options to acquire 5,333 shares of Sono-Tek Corp common stock.
- The exercise price for the options was $4.12 per share.
- Following the transaction, Riemer directly owns 20,359 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It's a standard regulatory filing.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of option exercise |
| 08/22/2025 | Date exercisable |
| 08/22/2034 | Expiration date |
| 08/23/2024 | Date of signature |
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