Form 4: Surge Components VP Steven Lubman Exercises Stock Options, Sells Shares for Tax Obligations

Steven Lubman, VP, Secretary & Treasurer of Surge Components, exercised stock options and sold shares to cover the exercise price and tax obligations on April 10, 2025.

Summary

• On April 10, 2025, Steven Lubman, VP, Secretary & Treasurer of Surge Components, Inc., exercised stock options to purchase 50,000 shares of common stock at an exercise price of $1.41 per share.
• The exercise was conducted on a cashless basis, meaning that Surge Components withheld 21,986 shares to cover the exercise price and associated tax obligations.
• The closing price of Surge Components' common stock on April 10, 2025, was $2.20.
• After the transaction, Lubman directly owns 1,048,966 shares of Surge Components common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to stock options and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it involves a relatively small number of shares compared to the total outstanding.

Key Dates

Keywords

Surge Components, Steven Lubman, stock options, Form 4, insider trading, beneficial ownership, SPRS