MIDDLEBY Corp 4

What Happened
The Middleby Corporation, listed on the Form 4 as a 10% owner of Midera Food Processing, Inc. (MFP), reported a disposition of 45,222,349 shares on July 6, 2026. The shares were disposed at $0.00 per share (total value $0) under transaction code J — an “other acquisition or disposition.” This was a corporate distribution of Midera common stock to Middleby shareholders (one Midera share for each Middleby share held), not an open‑market sale.

Key Details

• Transaction date: July 6, 2026; reported on Form 4 filed July 6, 2026 (timely filing).
• Transaction type/code: Other disposition (J) — distribution of shares, not a cash sale.
• Shares disposed: 45,222,349 shares at $0.00 per share; reported total cash value $0.
• Shares owned after transaction: 0 (Middleby distributed all issued and outstanding shares it held).
• Footnote: Distribution effective 12:01 a.m. ET on July 6, 2026; record date was 4:00 p.m. CT on June 26, 2026; distribution ratio = 1 Midera share per 1 Middleby share.
• Note: This filing reflects an institutional corporate distribution rather than insider trading by an individual executive.

Context
This transaction is a structural corporate action — Middleby distributed its Midera stake to its own shareholders — so it does not represent a typical insider sale or buy driven by personal investment decisions. For retail investors, such distributions transfer ownership to public Middleby shareholders rather than reflecting a change in management’s view of Midera’s prospects.