Purkayastha Subrata 4

What Happened
Subrata Purkayastha, CFO and Treasurer of IEH Corp (IEHC), exercised options to acquire 15,000 shares on 2026-03-10 at an exercise price of $5.65 per share (total cash cost $84,750). To satisfy the exercise price/tax withholding, he surrendered 4,461 shares valued at $19.00 each (total $84,759). The filing also lists an offsetting derivative disposition for 15,000 shares at $0, which is consistent with conversion/settlement reporting for an option exercise. This is effectively a cashless/net exercise rather than an open-market buy or sell.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-19 (9 days later) — appears to be later than the usual 2-business-day Form 4 deadline.
• Option exercise: 15,000 shares acquired at $5.65 each = $84,750 (code M).
• Tax/withholding: 4,461 shares surrendered at $19.00 each = $84,759 (code F). Footnote: shares surrendered to satisfy exercise/tax liability.
• Report shows an offsetting derivative disposition of 15,000 shares at $0 (reporting detail related to conversion).
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.

Context

• This was an exercise of options (not an open-market purchase or sale). Because shares were surrendered to cover costs and taxes, it’s a net/cashless exercise — common practice for option holders and not necessarily a directional insider trade signal.
• Transaction codes: M = option exercise/conversion, F = tax withholding. The late filing may warrant attention for timeliness but does not in itself indicate trading intent.