Engine Capital Management, LP 4

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.