Kolstad Gary A 4
4 · MARINE PRODUCTS GROUP, LLC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Marine Products (MPX) Director Gary Kolstad Sells 4,651 Shares
What Happened
- Gary A. Kolstad, a director of Marine Products Group, LLC (MPX), reported a disposition of 4,651 MPX shares on 2026-05-15 at $8.18 per share, for a reported total value of $38,045. The disposition was made pursuant to the Merger Agreement with MasterCraft Boat Holdings, Inc., not an open-market sale.
Key Details
- Transaction date and price: 2026-05-15 — 4,651 shares at $8.18 each (total $38,045).
- Consideration per MPX share under the merger: 0.232 shares of MasterCraft common stock plus $2.43 in cash.
- Cash component received by Kolstad for this block: 4,651 × $2.43 ≈ $11,301.93.
- Stock component received: 4,651 × 0.232 ≈ 1,079.03 MasterCraft shares.
- Transaction code: J (other acquisition or disposition) — explained by the merger exchange in the filing footnote.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Filing date: 2026-05-19 (four days after the 5/15 transaction). Note: Form 4s are normally due within two business days of the transaction; this filing was submitted later than that window.
Context
- This was a merger-related disposition: MPX shares were converted into a fixed cash payment ($2.43 per share) plus MasterCraft shares (0.232 per MPX share). This is a corporate-transaction-driven disposition and should not be read as an independent trading signal by the director.
Insider Transaction Report
Form 4Exit
Kolstad Gary A
Director
Transactions
- Other
Common Stock, $.10 Par Value
[F1]2026-05-15$8.18/sh−4,651$38,045→ 0 total
Footnotes (1)
- [F1]The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 5, 2026, by and among MasterCraft Boat Holdings, Inc., a Delaware corporation ("MasterCraft"). Upon effectiveness of the merger, in exchange for each share of Common Stock, the reporting person received the right to receive 0.232 shares of MasterCraft Common Stock, par value $0.01 per share and $2.43 in cash, without interest and less applicable withholding taxes.
Signature
/s/ Gary A Kolstad|2026-05-19