Gary W. Rollins Revocable Trust 4

What Happened

• The Gary W. Rollins Revocable Trust (a reported 10% owner) disposed of 219,149 shares of Marine Products (MPX) on 2026-05-15. The disposition was effected under the Merger Agreement with MasterCraft Boat Holdings and is coded as transaction type "J" (other acquisition/disposition), not an open-market sale.
• Under the Merger Agreement each Marine Products share was converted into $2.43 cash plus 0.232 shares of MasterCraft common stock. Using MasterCraft's closing price of $24.64 on May 14, 2026, that equals roughly $8.15 per MPX share and an aggregate value of about $1.79 million.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed 4 days after the transaction).
• Transaction code: J (other acquisition/disposition — here, merger consideration).
• Shares disposed: 219,149.
• Consideration per MPX share: $2.43 cash + 0.232 MasterCraft shares (MasterCraft close $24.64 on 5/14/26 ⇒ ~$8.15 total per share).
• Aggregate economic value: approximately $1.79 million.
• Footnote: Action pursuant to the Agreement and Plan of Merger dated Feb 5, 2026 (conversion of MPX shares into cash + MasterCraft stock).
• Shares owned after transaction: the filing does not list remaining MPX shares; the trust received merger consideration (cash and MasterCraft stock) rather than retaining MPX shares.

Context

• This disposition resulted from a corporate merger conversion (not a routine insider sale). For 10% owners, such filings reflect institutional-level ownership changes tied to corporate transactions rather than individual trading intent.
• Note on timing: Form 4s are generally required within two business days of the transaction; this Form 4 was filed four days after the conversion date.