Marine Products (MPX) 10% Owner RFT Investment Disposes 297,913 Shares

What Happened

• RFT Investment Company, LLC, listed as a 10% owner of Marine Products Group, LLC (MPX), had 297,913 shares of Marine Products common stock converted/disposed on May 15, 2026 as part of the merger with MasterCraft Boat Holdings. The conversion (transaction code J) was under the Merger Agreement and resulted in consideration of $2.43 in cash plus 0.232 shares of MasterCraft common stock per Marine Products share.
• Using MasterCraft’s closing price of $24.64 on May 14, 2026, the per-share merger consideration is about $8.15 ( $2.43 cash + 0.232 × $24.64 ), implying total consideration for 297,913 shares of roughly $2.43 million.

Key Details

• Transaction date: May 15, 2026; Form 4 filed: May 19, 2026.
• Transaction type/code: “Other acquisition or disposition (J)” — conversion of shares under the Merger Agreement, not an open-market sale.
• Shares disposed: 297,913 Marine Products shares.
• Per-share consideration: $2.43 cash + 0.232 MasterCraft shares (MasterCraft price used for estimate: $24.64 on 2026-05-14).
• Estimated total value: ≈ $2,426,942 (approximate, based on the market price cited).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: Conversion terms come from the Merger Agreement dated Feb 5, 2026; this is a corporate-action conversion rather than individual trading.

Context

• This was not an open-market sale by an insider but a mandatory conversion tied to the merger—transaction code J reflects corporate-action disposition. As a 10% owner (institutional), this filing documents how the owner was paid in the deal rather than signaling a trading decision by company management.