ROLLINS HOLDING COMPANY, INC. 4

What Happened

• Rollsins Holding Company, Inc., a reported 10% owner of Marine Products Group (MPX), recorded a disposition of 343,479 shares on 2026-05-15 under transaction code J ("other acquisition or disposition"). The Form 4 lists the per-share price as N/A because the shares were converted under a merger agreement into consideration consisting of $2.43 cash and 0.232 shares of MasterCraft common stock. Using MasterCraft's $24.64 close on May 14, 2026 (per the filing footnote), the implied value is about $8.15 per Marine Products share, or roughly $2.8 million in total.

Key Details

• Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-19).
• Form price: N/A (disposition via merger conversion; see footnote).
• Consideration per share per Merger Agreement: $2.43 cash + 0.232 MasterCraft shares.
• MasterCraft market price cited in filing: $24.64/share (close on May 14, 2026).
• Implied value: ≈ $8.15 per share; total ≈ $2.8M (calculated from footnote figures).
• Shares owned after transaction: not provided in the excerpt.
• Filing timing: Form 4 filed four days after the reported transaction date (May 19 vs May 15); Form 4 rule requires filing generally within 2 business days, so this appears later than standard timing.

Context

• This was an institutional disposition tied to the Merger Agreement (conversion of Marine Products shares into cash + MasterCraft stock), not an open-market sale by an individual insider. Such merger-driven conversions are procedural and reflect deal consideration rather than a discretionary sell signal by management.