RICHARDSON ELECTRONICS, LTD. — Director's Dealing 2021

Dec 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RICHARDSON ELECTRONICS LTD/DE (RELL)
CIK: 0000355948
Period of Report: 2021-12-23

Reporting Person: Diddell Wendy (Director, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-23	Common Stock	M	500	$9.89	Acquired	89938	Direct
2021-12-23	Common Stock	M	500	$5.98	Acquired	90438	Direct
2021-12-23	Common Stock	M	500	$6.90	Acquired	90938	Direct
2021-12-23	Common Stock	M	100	$5.61	Acquired	91038	Direct
2021-12-23	Common Stock	S	1600	$12.5271	Disposed	89438	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-23	Employee Stock Option (Right to Buy)	$9.89	M	500	Disposed	2024-10-06	Common Stock (500)	Direct
2021-12-23	Employee Stock Option (Right to Buy)	$5.98	M	500	Disposed	2025-10-05	Common Stock (500)	Direct
2021-12-23	Employee Stock Option (Right to Buy)	$6.90	M	500	Disposed	2026-10-03	Common Stock (500)	Direct
2021-12-23	Employee Stock Option (Right to Buy)	$5.61	M	100	Disposed	2029-07-22	Common Stock (100)	Direct

Footnotes

F1: These transactions were effected pursuant to a trading plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transaction.

F2: The price reported is the weighted average price of multiple trades at prices ranging from $12.50 to $12.59, inclusive. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the issuer, full information regarding the number of shares sold at each price within the reported range.

F3: Options vest 20% per year, beginning 10/06/2015

F4: Options vest 20% per year, beginning 10/05/2016

F5: Options vest 20% per year, beginning 10/03/2017

F6: Options vest 20% per year, beginning 7/22/2020