Kenneth Halverson, serving as a director of Richardson Electronics, LTD. (NASDAQ:RELL), completed the sale of 10,000 shares of the company's common stock on February 12, 2026. The transactions generated $130,850, reflecting a weighted average sale price of $13.085 per share.
Also on February 12, Halverson executed options that resulted in the acquisition of 10,000 additional common shares of Richardson Electronics. Those option exercises comprised two separate grants, each for 5,000 shares. The first option had an exercise price of $5.61 per share and the second had an exercise price of $4.26 per share, with the aggregated exercise value reported as $49,350.
The filing notes that the figure reported in Column 4 represents a weighted average sale price. The 10,000 shares were disposed of across multiple trades at prices that spanned from $13.00 to $13.27 per share, inclusive. The Reporting Person has stated a willingness to provide the issuer, any security holder of the issuer, or staff of the Securities and Exchange Commission with a full breakdown of the number of shares sold at each specific price within that range, upon request.
In other corporate developments, Richardson Electronics released its results for the second quarter of fiscal 2026. The company reported a loss of $0.01 per share, missing the consensus expectation of $0.02 per share and described in the filing as a negative surprise of 150% relative to those estimates. Revenue for the quarter totaled $52.3 million, which exceeded the forecasted $49.9 million by 4.81%.
The company also announced a global technology partnership with Nxbeam. Under the agreement, Richardson Electronics will supply high-power microwave monolithic microwave integrated circuits (MMICs) that operate across frequencies from 12.5 GHz to 76 GHz. The partnership is intended to draw on Richardson Electronics' global field engineering capabilities to serve markets identified in the filing - specifically industrial, medical, and defense sectors.
Additionally, Richardson Electronics reported a management appointment. Effective February 1, 2026, Rainer Bornwasser was named Vice President of Global Sales for the company's Canvys division. The company noted that Bornwasser brings more than 30 years of international sales and leadership experience to the role.
Taken together, the disclosures filed around Halverson's trades and the company's quarterly report detail both insider activity and several operational developments - including a technology partnership spanning a broad frequency range and an executive hiring for global sales - while the financial results reflect a mixed performance for the quarter.