WHITMORE BRADFORD T 4

What Happened
Bradford T. Whitmore, reported as a 10% owner (via affiliated entities), made three open-market purchases of ULTRALIFE CORP (ULBI) common stock between May 21–26, 2026. The purchases reported on the Form 4 are:

• 32,876 shares on 2026-05-21 at a weighted average price of $6.13 (total $201,671).
• 8,700 shares on 2026-05-22 at a weighted average price of $6.33 (total $55,067).
• 67,302 shares on 2026-05-26 at a weighted average price of $6.81 (total $458,576).
  In total Whitmore acquired 108,878 shares for approximately $715,314. These were purchases (P) — net buying, which retail investors often view as a more informative signal than routine sales.

Key Details

• Dates & prices: 5/21 (32,876 @ $6.13, range $5.97–$6.359 per F1), 5/22 (8,700 @ $6.33, range $6.2953–$6.3995 per F3), 5/26 (67,302 @ $6.81, range $6.6399–$6.9499 per F4). Reported prices are weighted averages across multiple trades.
• Beneficial ownership: Footnotes note Whitmore is the indirect beneficial owner through entities (Whitmore Holdings, LLC; Bradford Whitmore Trust) and, separately, as manager of Sunray I, LLC is an indirect beneficial owner of 4,452,283 shares (per F2 and F5).
• Transaction type: Open-market purchases (code P).
• Filing: Form filed 2026-05-26 reporting transactions from 2026-05-21 to 5/26; no late-filing flag was provided in the information supplied.
• Disclosure: The filing includes commitments to provide full per-price trade breakdowns to SEC staff or others upon request (per F1–F4).

Context
These purchases were made by a 10% owner via affiliated entities (not a typical employee/executive trade). Purchases by large shareholders can reflect increased exposure by an institutional/insider holder but do not, by themselves, explain motivation. The weighted-average pricing and multiple-trade ranges indicate the buys were executed across several trades on each reported date.