RICHARDSON ELECTRONICS, LTD. — Director's Dealing 2022

Jan 10, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RICHARDSON ELECTRONICS LTD/DE (RELL)
CIK: 0000355948
Period of Report: 2022-01-06

Reporting Person: Diddell Wendy (Director, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-06	Common Stock	M	11639	$11.77	Acquired	101077	Direct
2022-01-06	Common Stock	M	12000	$11.14	Acquired	113077	Direct
2022-01-06	Common Stock	S	23639	$14.6524	Disposed	89438	Direct
2022-01-07	Common Stock	M	13361	$11.77	Acquired	102799	Direct
2022-01-07	Common Stock	M	13000	$11.14	Acquired	115799	Direct
2022-01-07	Common Stock	S	26361	$14.8811	Disposed	89438	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-06	Employee Stock Option (Right to Buy)	$11.77	M	11639	Disposed	2022-10-09	Common Stock (11639)	Direct
2022-01-06	Employee Stock Option (Right to Buy)	$11.14	M	12000	Disposed	2023-10-08	Common Stock (12000)	Direct
2022-01-07	Employee Stock Option (Right to Buy)	$11.77	M	13361	Disposed	2022-10-09	Common Stock (13361)	Direct
2022-01-07	Employee Stock Option (Right to Buy)	$11.14	M	13000	Disposed	2023-10-08	Common Stock (13000)	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 reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.50 to $14.99 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.50 to $15.30 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: Options vest 20% per year, beginning 10/9/2013

F5: Options vest 20% per year, beginning 10/8/2014