Dean W. Rivest - Feb 28, 2024 Form 4 Insider Report for Omega Flex, Inc. (OFLX)

Role
Chief Executive Officer, Director
Signature
Susan B. Asch, Attorney-in-fact
Stock symbol
OFLX
Transactions as of
Feb 28, 2024
Transactions value $
-$52,943
Form type
4
Date filed
2/29/2024, 10:06 AM
Previous filing
Mar 9, 2023
Next filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFLX Common Stock Options Exercise +750 750 Feb 28, 2024 Direct F1
transaction OFLX Common Stock Disposed to Issuer -$52.9K -750 -100% $70.59 0 Feb 28, 2024 Direct
holding OFLX Common Stock 1.71K Feb 28, 2024 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 -750 -100% 0 Feb 28, 2024 Common Stock 750 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 Equivalent share balance held in company stock fund in Issuer's 401(k) plan, based on statement of 12/31/2023.