Dean W. Rivest - Feb 15, 2023 Form 4 Insider Report for Omega Flex, Inc. (OFLX)

Role
President
Signature
Susan B. Asch, Attorney-in-fact
Stock symbol
OFLX
Transactions as of
Feb 15, 2023
Transactions value $
-$114,669
Form type
4
Date filed
2/17/2023, 08:51 AM
Previous filing
Feb 23, 2022
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFLX Common stock Options Exercise +930 930 Feb 15, 2023 Direct F1
transaction OFLX Common stock Disposed to Issuer -$115K -930 -100% $123.30 0 Feb 15, 2023 Direct
holding OFLX Common stock 13.5K Feb 15, 2023 By 401(k) Plan F2

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 Feb 15, 2023 Common stock 930 Direct F1
* 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 Number of units held in company stock fund in Issuer's 401(k) plan, based on statement of 12/31/2022, which does not represent an equivalent number of shares of Issuer's common stock.