Gerritzen Daniel J 4

What Happened Daniel J. Gerritzen, General Counsel and Secretary of Orthopediatrics (KIDS), received a restricted stock award of 47,380 shares on 2026-03-15 (price reported $0.00) and on 2026-03-16 sold 8,614 shares in an open-market transaction at $17.25 each for proceeds of $148,592. The sale was made to satisfy tax withholding obligations tied to the vesting of the restricted shares (footnote F1). This sequence—award vesting followed by a withholding sale—is a routine administrative transaction rather than a directional purchase.

Key Details

• Transactions:
  • 2026-03-15 — Award/Acquisition (A): 47,380 shares @ $0.00 (restricted stock award)
  • 2026-03-16 — Sale (S): 8,614 shares @ $17.25 = $148,592 (open market)
• Footnotes: F1 — sale made to satisfy tax withholding on vesting; F2 — filing notes restricted stock awards totaling 121,054 shares.
• Shares owned after transaction: the submitted summary does not list a total post-transaction beneficial ownership figure; the filing references 121,054 restricted shares (F2).
• Filing: Report filed with the SEC on 2026-03-17 (the filing date provided appears timely relative to the transaction dates).

Context Restricted stock vesting followed by a sale to cover taxes is common and typically administrative; such withholding sales are not a strong signal of insider sentiment. Purchases or additional open-market buys tend to be more informative about insider views.