Rivest Dean W. 4

What Happened

• Dean W. Rivest, CEO of Omega Flex, exercised 593 phantom stock units (derivative) and those units were settled to the issuer on Feb 22, 2026. The disposition to the issuer was at $37.55 per share, producing proceeds of $22,267. The filings show the derivative conversion (code M) followed by a disposition to the issuer (code D).

Key Details

• Transaction date: 2026-02-22; filing date: 2026-02-23 (timely).
• Disposition price: $37.55 per share; total proceeds reported: $22,267 for 593 shares.
• Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer.
• Shares owned after the transaction: not specified in the provided extract.
• Footnotes: F1 – each phantom stock unit equals one common share economically and is settled for cash on a one-for-one basis; F2 – an equivalent share balance is held in the company 401(k) plan based on a 12/31/2025 statement.
• No 10b5-1 plan, tax-withholding, or lateness flag noted in the supplied data.

Context

• This was a cash settlement of phantom (non-tradable) stock units, not an open-market sale of previously held common shares. Such transactions typically reflect compensation settlement or cashing out of deferred units rather than a signal about the CEO’s view of the stock.