OBERDORF THOMAS 4

What Happened
Thomas Oberdorf, a director of UFP Technologies Inc. (UFPT), exercised stock options on 2026-03-11 to acquire 2,864 shares at an exercise price of $22.02 per share, for a total exercise cost of $63,065. The filing also reports a simultaneous disposition of the same 2,864 shares at $0.00. The primary action was an option exercise (a purchase), while the matching disposition suggests the acquired shares were immediately surrendered rather than sold for cash.

Key Details

• Transaction date: 2026-03-11 (filed with the SEC on 2026-03-12).
• Exercise: 2,864 shares acquired at $22.02 each — total $63,065. (Transaction code M = option exercise/conversion.)
• Disposition: 2,864 shares disposed at $0.00 (also coded M in the filing); the filing shows no cash proceeds.
• Shares owned after transaction: not stated in the provided filing.
• Notable: The matching acquisition and disposal often reflect surrender of shares to cover the exercise cost or tax withholding (a common, routine practice); the filing itself does not specify the exact reason.
• Timeliness: Filing appears timely (reported the next day); no late-filing flag indicated.

Context
When insiders exercise options and immediately surrender or withhold the same shares, it is typically an administrative or tax-related settlement (a cashless or net-share exercise) rather than an outright sale into the market. That means this Form 4 alone doesn't signal a directional vote of confidence or lack thereof by the insider—it's primarily an execution of existing option rights.