FELDMANN CYNTHIA L 4

What Happened Cynthia L. Feldmann, a director of UFP Technologies (UFPT), exercised 1,200 option shares at $43.95 each (total cost $52,740) on 2026-06-12 and sold the 1,200 shares the same day in two open-market transactions, receiving about $287,149 gross. The sequence (exercise then sale) is effectively a cashless exercise: acquired shares were immediately disposed.

Key Details

• Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-15).
• Exercise: 1,200 shares at $43.95, total cost $52,740.
• Sales: 1,100 shares at $239.19 for $263,109; 100 shares at $240.40 for $24,040; total sales proceeds ≈ $287,149.
• Net proceeds (approx): $287,149 − $52,740 = $234,409.
• Derivative line: 1,200 derivative units disposed at $0.00 — indicates the option/derivative instrument was extinguished on exercise (reported separately on the Form 4).
• Shares owned after transaction: not specified in the provided data.
• Filing timeliness: Form filed 2026-06-15 for a 2026-06-12 transaction — appears timely (within the Form 4 reporting window).
• No 10b5‑1 plan, tax-withholding, or other footnotes were included in the provided excerpt.

Context This was an options exercise followed by immediate open-market sales (a common cashless exercise). Such transactions convert option value to cash and do not by themselves signal a change in company outlook; they are routine for insiders realizing option value.