Form 4: Surge Components Director Exercises Stock Options, Sells Shares for Tax Obligations
SEC Form 4 Filing
Lawrence Chariton, a director at Surge Components, exercised stock options and sold shares to cover the associated tax obligations.
Summary
- On April 9, 2025, Lawrence Chariton, a director of Surge Components Inc., exercised stock options to purchase 15,000 shares of common stock at an exercise price of $1.41 per share.
- The exercise was conducted on a cashless basis, meaning that instead of paying cash for the shares, Surge Components withheld 8,724 shares to cover the exercise price and associated taxes.
- Chariton received the remaining 6,276 shares.
- Following these transactions, Chariton directly owns 163,849 shares of Surge Components common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The exercise of stock options and subsequent sale of shares for tax purposes is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/09/2015 | Date exercisable for stock options |
| 04/07/2025 | Closing price of $2.00 used for cashless exercise calculation. |
| 04/09/2025 | Date of stock option exercise and share withholding. |
| 04/09/2025 | Expiration date for stock options |
| 04/11/2025 | Date of Form 4 filing. |
Keywords
Surge Components, Director, Stock Options, Form 4, Beneficial Ownership, Chariton, SPRS
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