Engine Capital Management, LP 4
4 · Orthofix Medical Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Orthofix (OFIX) 10% Owner Engine Capital Buys Shares
What Happened
Engine Capital Management, LP (part of a group of related Engine entities and Arnaud Ajdler that collectively own >10% of Orthofix) purchased a total of 137,858 shares of Orthofix Medical, Inc. (OFIX) in open‑market transactions on February 24–25, 2026. Purchases were: 117,076 shares at $12.55 ($1,468,777), 7,721 shares at $12.55 ($96,864), 9,959 shares at $12.96 ($129,103), and 3,102 shares at $12.96 ($40,212), totaling $1,734,956. These were outright purchases (transaction code P).
Key Details
- Transaction dates/prices: Feb 24, 2026 — 117,076 @ $12.55 and 7,721 @ $12.55; Feb 25, 2026 — 9,959 @ $12.96 and 3,102 @ $12.96.
- Total shares bought: 137,858; total cash spent: $1,734,956.
- Filing date: Form 4 filed 2026-02-26 (appears timely relative to the Feb 24–25 transactions).
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes: filing made jointly by Engine Capital and related entities (Engine Jet, Engine Lift, Engine Management, Engine GP, Engine Investments, Engine Investments II) and Arnaud Ajdler; these relationships mean several entities may be deemed to beneficially own the reported shares, and each disclaims ownership except to the extent of pecuniary interest.
Context
- This is institutional buying by a >10% owner (a Section 13(d) group), not a routine executive sale. Purchases by large shareholders can indicate stake building but do not by themselves explain intent or timing.
- No options, awards, gifts, or tax‑withholding events were reported — these were straightforward open‑market purchases.
Insider Transaction Report
Form 4
Engine Capital Management, LP
10% Owner
Transactions
- Purchase
Common Stock
[F1][F2]2026-02-24$12.55/sh+117,076$1,468,777→ 3,663,133 total(indirect: By: Engine Capital, L.P.) - Purchase
Common Stock
[F1][F4]2026-02-24$12.55/sh+7,721$96,864→ 369,933 total(indirect: By: Engine Lift Capital, LP) - Purchase
Common Stock
[F1][F2]2026-02-25$12.96/sh+9,959$129,103→ 3,673,092 total(indirect: By: Engine Capital, L.P.) - Purchase
Common Stock
[F1][F4]2026-02-25$12.96/sh+3,102$40,212→ 373,035 total(indirect: By: Engine Lift Capital, LP)
Holdings
- 344,652(indirect: By: Engine Jet Capital, L.P.)
Common Stock
[F1][F3]
Footnotes (4)
- [F1]This Form 4 is filed jointly by Engine Capital, L.P. ("Engine Capital"), Engine Jet Capital, L.P. ("Engine Jet"), Engine Lift Capital, LP ("Engine Lift"), Engine Capital Management, LP ("Engine Management"), Engine Capital Management GP, LLC ("Engine GP"), Engine Investments, LLC ("Engine Investments"), Engine Investments II, LLC ("Engine Investments II") and Arnaud Ajdler (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Securities owned directly by Engine Capital. Engine Investments is the general partner of Engine Capital, Engine Management is the investment advisor of Engine Capital, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments. As a result of these relationships, Engine Investments, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Capital.
- [F3]Securities owned directly by Engine Jet. Engine Investments is the general partner of Engine Jet, Engine Management is the investment advisor of Engine Jet, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments. As a result of these relationships, Engine Investments, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Jet.
- [F4]Securities owned directly by Engine Lift. Engine Investments II is the general partner of Engine Lift, Engine Management is the investment advisor of Engine Lift, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments II. As a result of these relationships, Engine Investments II, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Lift.