Engine Capital Management, LP 4

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.