R. Randall Rollins Voting Trust U/A dated August 25, 1994 4

What Happened

• The R. Randall Rollins Voting Trust (a 10% owner) disposed of 79 shares of Marine Products on May 15, 2026. The disposition was not an open‑market sale but conversion of Marine Products shares under a merger agreement: each share was converted into $2.43 in cash plus 0.232 shares of MasterCraft common stock.
• Using MasterCraft’s closing price of $24.64 on May 14, 2026, the stock portion is about $5.72 per share, making the total consideration roughly $8.15 per Marine Products share and about $644 for the 79 shares.

Key Details

• Transaction date: 2026-05-15 (filed with the SEC on 2026-05-19).
• Consideration per share: $2.43 cash + 0.232 MasterCraft shares (MasterCraft $24.64 close on 5/14/2026 → ~$5.72 stock value).
• Total for 79 shares: ~ $644 (79 × ~$8.15).
• Form 4 transaction code: J (other acquisition/disposition) — footnote confirms conversion under the Merger Agreement dated Feb 5, 2026.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timing: Form 4 was filed 4 days after the transaction (May 19 vs May 15); Form 4s are typically due within 2 business days, so this may be later than the usual reporting window.

Context

• This was a merger conversion rather than a voluntary open‑market sale, so it reflects corporate transactional mechanics, not necessarily insider sentiment.
• As a reported 10% owner via a voting trust, this is institutional/large‑holder activity rather than a routine executive trade.