Red Oak Partners, director, buys $1M Data I/O stock, $3M debentures

Red Oak Partners, LLC, a 10% owner and director of DATA I/O CORP (NASDAQ:DAIO), recently made significant purchases of the company’s securities. On October 20, 2026, the firm acquired common stock valued at approximately $999,996 and $3,000,000.04 in 5% convertible debentures. The purchases came as the stock traded at $2.44, down 23% year-to-date, though InvestingPro analysis suggests the company appears undervalued at current levels.

The direct acquisition of common stock involved 373,133 shares purchased at a price of $2.68 per share. These shares were acquired indirectly through The Red Oak Fund, LP, which purchased 242,934 shares, and The Red Oak Long Fund, LP, which acquired 130,199 shares.

In addition to the common stock, Red Oak Partners, LLC also purchased $3,000,000.04 worth of 5% convertible debentures. These debentures, acquired at 100% of their principal amount in a private placement, are immediately exercisable and convertible into 1,119,403 shares of common stock at a conversion price of $2.68 per share. Specifically, The Red Oak Fund, LP acquired debentures valued at $1,953,192.04, convertible into 728,803 common shares, while The Red Oak Long Fund, LP acquired debentures worth $1,046,808, convertible into 390,600 common shares.

Red Oak Partners, LLC serves as the general partner for both The Red Oak Fund, LP and The Red Oak Long Fund, LP. David Sandberg is identified as the managing member of Red Oak Partners, LLC and the portfolio manager for both funds. The reporting persons disclaim beneficial ownership of the securities reported, except to the extent of their pecuniary interest. For deeper insights into DAIO’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Data I/O Corp. reported its second-quarter results for 2026, revealing a notable revenue increase. The company achieved revenue of $5.14 million, surpassing Wall Street’s expectations of $4.8 million. However, the adjusted earnings were weaker than anticipated, with a loss of $0.17 per share compared to the projected loss of $0.14. This revenue figure marks a significant 59% sequential rise from the first quarter, indicating a strong rebound in demand. Despite the earnings miss, the revenue performance highlights a positive development for the company. In related news, the company’s stock experienced a slight movement in after-hours trading. These recent developments reflect the mixed financial performance of Data I/O Corp.