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

Role: President
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: 17 Feb 2023, 08:51:45 UTC
Previous filing: 23 Feb 2022
Next filing: 09 Mar 2023
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			930	15 Feb 2023	Direct	F1
transaction	OFLX	Common stock	Disposed to Issuer	$114,669	-930	-100%	$123.30	0	15 Feb 2023	Direct
holding	OFLX	Common stock						13,478	15 Feb 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	15 Feb 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.