Lawal Adeniyi 4

What Happened

• Lawal Adeniyi, a director of SONO TEK (SOTK), executed an open-market or private purchase of 2,400 shares at $4.12 per share (total $9,888) on 2026-03-05. The filing also reports a same-day disposition to the issuer of 2,400 shares at $4.12 per share (total $9,888) classified as a derivative transaction. The purchase is a straightforward buy; the subsequent disposition was a transfer back to the company under a derivative-related code rather than a typical open-market sale.

Key Details

• Transaction date: 2026-03-05 (both purchase and disposition)
• Price: $4.12 per share; total reported value $9,888 for each leg
• Transaction types/codes: P = Purchase (open market/private); D = Disposition to issuer (derivative)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date: 2026-03-24 — filing appears late (more than two business days after the March 5 transaction)
• No footnotes or 10b5-1 plan details were provided in the supplied data

Context

• The disposition is listed as a derivative transfer to the issuer, which typically means shares were turned over to the company as part of settling a derivative obligation (for example, to satisfy option/award withholding or settlement). The filing does not state an option exercise or a cashless sale explicitly. Because the purchase and the disposition occurred the same day for the same number of shares and price, this sequence may reflect an administrative or settlement action rather than a straightforward buy-for-holding or sale-for-cash. The filing delay reduces the timeliness of this disclosure for investors.