Leonard Kathie Merrill 4

What Happened Leonard Kathie Merrill, a director of Elmet Group (ELMT), purchased 5,000 shares on April 22, 2026 at $14.00 per share for a total cost of $70,000. The filing lists the transaction as a purchase (code P) and the shares were acquired through the issuer’s directed share program tied to the company’s initial public offering.

Key Details

• Transaction date: 2026-04-22; Price: $14.00 per share; Total value: $70,000.
• Transaction type: Purchase (code P) via directed share program (footnote F1).
• Filing date: 2026-04-24 (filed within the normal Form 4 reporting window).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnote: F1 indicates these shares were purchased through the directed share program conducted in connection with the issuer’s IPO.

Context This was an insider purchase rather than a sale. Purchases by directors are often watched by investors as a potentially positive signal, but the filing does not state the insider’s motivation. The transaction was reported shortly after the trade and was made through an IPO-directed allocation rather than an open-market trade.