BAILLY R JEFFREY 4

What Happened
Jeffrey R. Bailly, Executive Chairman and Director of UFP Technologies, was granted 1,787 shares on 2026-06-05 (reported on Form 4 filed 2026-06-08). To satisfy a tax obligation related to the award, 750 of those shares were withheld/disposed at an indicated value of $223.87 per share, totaling $167,903. Net to Bailly from this transaction: +1,037 shares (1,787 granted minus 750 withheld).

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (filed within the normal two-business-day window).
• Award: 1,787 shares, reported at $0.00 per share (transaction code A = award/grant).
• Tax withholding/disposition: 750 shares at $223.87 per share, total ~$167,903 (transaction code F = payment of exercise price or tax liability). This disposition was to cover taxes, not an open-market sale.
• Net change: +1,037 shares to the insider from this event.
• Reported indirect holdings: Bailly also holds 28,706 shares indirectly via a Trust (footnote disclaims beneficial ownership except to the extent of pecuniary interest).

Context

• Grant + withholding is a common pattern when restricted stock/RSUs vest: the company issues shares and withholds some to cover taxes. This filing shows an award and associated tax withholding rather than a voluntary market sale.
• These transactions are typically routine and do not, by themselves, indicate the insider's market view.