Engine Capital Management, LP 4
4 · Orthofix Medical Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Orthofix (OFIX) 10% Holder Engine Capital Buys Shares
What Happened Engine Capital Management, LP (part of a group of related Engine entities and Arnaud Ajdler reported jointly) accumulated 184,896 shares of Orthofix Medical, Inc. (OFIX) in a series of purchases from May 5–7, 2026. Transactions reported as purchases (code P) include large blocks such as 110,039 shares at $11.99 on May 5 and 38,154 shares at $12.23 on May 6; the eight reported trades total approximately $2,232,928. These were buy transactions (institutional purchases), not sales.
Key Details
- Total purchased: 184,896 shares for about $2,232,928 (aggregate of all reported trades).
- Transaction breakdown:
- 2026-05-05: 110,039 sh @ $11.99 = $1,319,676
- 2026-05-05: 2,911 sh @ $11.99 = $34,911
- 2026-05-06: 38,154 sh @ $12.23 = $466,547
- 2026-05-06: 3,792 sh @ $12.23 = $46,369
- 2026-05-07: 18,192 sh @ $12.20 = $221,901
- 2026-05-07: 9,096 sh @ $12.15 = $110,490
- 2026-05-07: 1,808 sh @ $12.20 = $22,053
- 2026-05-07: 904 sh @ $12.15 = $10,981
- Report filed: May 7, 2026; earliest reported trade: May 5, 2026 — filing appears timely under standard Section 16 reporting (within two business days).
- Footnotes: The Form 4 was filed jointly by multiple related Engine entities and Arnaud Ajdler (F1–F4). Engine Capital owns the securities directly; related entities (Engine Investments, Engine Management, Engine GP, Engine Investments II and Mr. Ajdler) may be deemed beneficial owners due to their roles. The filing also indicates the Reporting Persons may be members of a Section 13(d) group that owns >10% of OFIX.
- Shares owned after the transactions: not provided in the summary supplied.
Context These purchases were made by an institutional 10%+ holder (Engine-affiliated funds and related parties), not an individual executive. Institutional buys can be of interest to investors as they increase the holder’s position, but the filing itself does not state motives or future plans.
Insider Transaction Report
Form 4
Engine Capital Management, LP
10% Owner
Transactions
- Purchase
Common Stock
[F1][F2]2026-05-05$11.99/sh+110,039$1,319,676→ 3,783,131 total(indirect: By: Engine Capital, L.P.) - Purchase
Common Stock
[F1][F4]2026-05-05$11.99/sh+2,911$34,911→ 375,946 total(indirect: By: Engine Lift Capital, LP) - Purchase
Common Stock
[F1][F2]2026-05-06$12.23/sh+38,154$466,547→ 3,821,285 total(indirect: By: Engine Capital, L.P.) - Purchase
Common Stock
[F1][F4]2026-05-06$12.23/sh+3,792$46,369→ 379,738 total(indirect: By: Engine Lift Capital, LP) - Purchase
Common Stock
[F1][F2]2026-05-07$12.20/sh+18,192$221,901→ 3,839,477 total(indirect: By: Engine Capital, L.P.) - Purchase
Common Stock
[F1][F2]2026-05-07$12.15/sh+9,096$110,490→ 3,848,573 total(indirect: By: Engine Capital, L.P.) - Purchase
Common Stock
[F1][F4]2026-05-07$12.20/sh+1,808$22,053→ 381,546 total(indirect: By: Engine Lift Capital, LP) - Purchase
Common Stock
[F1][F4]2026-05-07$12.15/sh+904$10,981→ 382,450 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.