Jason T. Adelman, a Director at Trio-Tech International (NASDAQ:TRT), sold 22,000 shares of common stock for approximately $123,570 in March 2026.
The sales ranged from $5.5322 to $5.8164 per share. The stock has since surged to $20.05, near its 52-week high of $21.38, representing a 710% gain over the past year.
Transactions per SEC Form 4:
- March 5: Sold 4,511 shares at $5.5475. Held 67,489 shares.
- March 6: Sold 7,489 shares at $5.5322. Held 60,000 shares.
- March 10: Sold 5,000 shares at $5.8164. Held 55,000 shares.
- March 16: Sold 5,000 shares at $5.6066. Held 50,000 shares.
All holdings were direct.
In other news, Trio-Tech reported Q3 revenue of $16.5 million, up 124% YoY. Semiconductor segment contributed $13.1 million (up 141%), industrial electronics $3.4 million (up 76%).
The company also completed a direct offering of 1,052,632 shares to raise about $10 million for AI expansion. D. Boral Capital LLC acted as placement agent.
Additionally, a ransomware attack at its Singapore subsidiary caused unauthorized data disclosure, classified as a material cybersecurity event.
