Timothy P. Scanlan - 15 Feb 2023 Form 4 Insider Report for Omega Flex, Inc. (OFLX)

Role
Secretary
Signature
Susan B. Asch, Attorney-in-fact
Issuer symbol
OFLX
Transactions as of
15 Feb 2023
Net transactions value
-$114,669
Form type
4
Filing time
16 Feb 2023, 11:39:59 UTC
Previous filing
23 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFLX Common stock Options Exercise +930 +372% 1,180 15 Feb 2023 Direct F1
transaction OFLX Common stock Disposed to Issuer $114,669 -930 -79% $123.30 250 15 Feb 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OFLX Phantom stock Options Exercise -930 -100% 0 15 Feb 2023 Common stock 930 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of phantom stock is the economic equivalent of one share of the issuer's common stock. These units are settled for cash on a one-for-one basis.
F2 Each unit of phantom stock is the economic equivalent of one share of the issuer's common stock. These units are settled for cash on a one-for-one basis.