Gerry P. Smith - Jul 27, 2023 Form 4 Insider Report for ODP Corp (ODP)

Role
Chief Executive Officer, Director
Signature
/s/ Sarah E. Hlavinka, Attorney-in-Fact
Stock symbol
ODP
Transactions as of
Jul 27, 2023
Transactions value $
-$771,923
Form type
4
Date filed
7/31/2023, 07:41 PM
Previous filing
May 18, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ODP Common Stock Sale -$592K -11.8K -1.27% $50.04 923K Jul 27, 2023 Direct F1, F2
transaction ODP Common Stock Sale -$180K -3.6K -0.39% $50.01 919K Jul 28, 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale effected pursuant to instructions from a 10b5-1 Trading Plan entered into on 11/21/2022, as amended 3/17/2023.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 to $50.120, inclusive. The Reporting Person undertakes to provide to The ODP Corporation, any security holder of The ODP Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 to $50.060, inclusive. The Reporting Person undertakes to provide to The ODP Corporation, any security holder of The ODP Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.