COLE MICHAEL R 4

What Happened
Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), exercised stock options on 2026-04-01, acquiring 438 shares at $91.14 per share (gross value $39,919). At the same time he disposed of 114.975 shares to the issuer at the same $91.14 price for $10,479 — commonly done to satisfy tax withholding — resulting in a net receipt of about 323.025 shares. The primary action was an option exercise (acquisition) with a partial disposition to the issuer.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (timely).
• Prices: $91.14 per share for both transactions.
• Exercise (code M): 438 shares acquired; total value $39,919.
• Disposition to issuer (code D): 114.975 shares disposed; total value $10,479.
• Net shares acquired: ~323.025 shares (438 − 114.975).
• Shares owned after transaction: not specified in the provided filing.
• Notes: D (disposition to issuer) is commonly used to cover tax withholding on exercised options. No 10b5-1 plan or late filing was indicated in the supplied data.

Context
This was an options exercise (derivative conversion) rather than an open-market purchase or sale. Partial surrender of exercised shares to the issuer is a routine, administrative step to cover tax or payment obligations and does not necessarily signal a change in insider sentiment. Purchases or net acquisitions by executives can be more informative than routine disposals, but this filing should be viewed as a stock-option exercise with partial withholding rather than a cash-driven market sale.