Gunning Patrick J. 4

What Happened

• Patrick J. Gunning, a director of Marine Products Group, LLC (MPX), disposed of 17,909 shares on 2026-05-15 at $8.18 per share for a reported total of $146,496. The transaction is recorded as an "other disposition" tied to the company merger rather than an open‑market sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (appears timely under the two-business-day rule).
• Price and value: 17,909 shares × $8.18 = $146,496 (reported).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: Disposition was pursuant to the Agreement and Plan of Merger (dated Feb 5, 2026). In exchange for each MPX share, the reporting person received the right to 0.232 shares of MasterCraft Boat Holdings, Inc. common stock and $2.43 in cash per share, less applicable withholding taxes.
• Transaction code: reported as "Other acquisition or disposition (J)" — indicates merger consideration, not a market sale or purchase.

Context

• This was a merger-related conversion of shares into deal consideration (cash plus MasterCraft stock), so it reflects the mechanics of the transaction rather than an insider selling stock on the open market. Retail investors should treat merger dispositions differently from discretionary sales or buys; they do not necessarily signal personal views on the company’s future.