Bryan Saksa, Avalon Holdings Corporation's CHIEF FINANCIAL OFFICER, recently cashed-in 24,000 options. The options were exercised at $1.83, while the disposals took place at $4.50 per share, on December 28, 2020. Saksa no longer owns any shares of the company. Saksa operates out of Warren, OH. Some additional info was provided as follows:
The shares sold were acquired contemporaneously upon the cashless exercise of a stock option at an exercise price of $1.83 per share.
The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting person on November 18, 2020.
The date indicated is the grant date and the options vest in five equal installments beginning one year from the grant date. At the end of each vesting p eriod, the Avalon Holdings Corporation Class A common stock must reach a predetermined market price within three years before the vested options are exercisable.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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