Rivest Dean W. 4
Research Summary
AI-generated summary
Omega Flex (OFLX) CEO Dean Rivest Buys 1,000 Shares
What Happened
Dean W. Rivest, CEO of Omega Flex, purchased 1,000 shares of company stock in an open-market transaction on March 11, 2026, at $29.50 per share for a total of $29,500. This was a purchase (transaction code P), which is a direct buy of shares rather than a sale or option exercise.
Key Details
- Transaction date and price: 2026-03-11, 1,000 shares @ $29.50 each.
- Total value: $29,500.
- Transaction type: Purchase (P) — open market or private purchase.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote (F1): Indicates an equivalent share balance held in the issuer’s 401(k) company stock fund based on the 12/31/2025 statement.
- Filing timeliness: Report filed 2026-03-13 for a 2026-03-11 transaction; no late filing flag provided (appears timely within the usual 2-business-day window).
Context
This was a straightforward open-market purchase by the CEO. Purchases can be interpreted as a routine insider buy rather than a sale-driven liquidity move; the filing provides no additional indication of a 10b5-1 plan, option exercise, or gift. The 401(k) footnote simply notes an equivalent balance in the company stock fund as of year-end 2025.