[Form 4] ALPHA PRO TECH LTD Insider Trading Activity

Rhea-AI Filing Summary

Alpha Pro Tech Ltd. director Benjamin A. Shaw received 4,740 restricted stock units (RSUs) under the company’s 2020 Omnibus Plan. The RSUs are time-based and will vest in full on the first anniversary of the grant date, subject to the plan and award agreement. After the grant, Mr. Shaw beneficially owns 10,355 shares of the company’s common stock. The filing was submitted via an attorney-in-fact.

Positive

• Alignment with shareholders: Grant of time‑based RSUs ties director compensation to long‑term share performance through vesting.
• Increased insider ownership: Beneficial ownership rose to 10,355 shares, strengthening insider stake.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received time‑based RSUs that align his interests with shareholders and vest after one year.

The grant of 4,740 time‑based RSUs increases the director’s stake to 10,355 shares and creates a retention incentive tied to continued service for one year. From a governance standpoint, such awards are routine for aligning management and directors with shareholder interests when vesting is performance/tenure‑based. The award is described as subject to the 2020 Omnibus Plan and the applicable award agreement; no performance conditions beyond time vesting are disclosed. There is no disclosure here of cashless exercises, accelerated vesting, or additional derivative instruments.

Securities Analyst

TL;DR: The non‑derivative RSU grant is modest in size and appears routine, with limited market impact.

The acquisition of 4,740 RSUs is recorded as a non‑derivative acquisition at $0 price (restricted grant). The incremental change in beneficial ownership to 10,355 shares is small relative to a typical public company float and is unlikely to be material to valuation or short‑term trading. No dispositions, option exercises, or derivative holdings are reported. The filing contains no information on dilution impact, vesting acceleration triggers, or any sale plans.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Shaw Benjamin A

(Last) (First) (Middle)

53 WELLINGTON STREET EAST

(Street)

AURORA A6 L4G 1H6

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALPHA PRO TECH LTD [ APT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
common stock	09/29/2025		A		4,740(1)	A	$0	10,355	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of time-based restricted stock units granted under the Alpha Pro Tech, Ltd. 2020 Omnibus Plan (the "Plan") that will vest in full on the first anniversary of the grant date, subject to the terms of the Plan and the applicable award agreement.

	/s/ Colleen McDonald , Attorney-in-Fact	09/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Benjamin A. Shaw report on the Form 4 for APT?

He reported the acquisition of 4,740 restricted stock units (RSUs) granted under the company’s 2020 Omnibus Plan.

When do the RSUs granted to Benjamin A. Shaw vest?

The RSUs are time‑based and will vest in full on the first anniversary of the grant date, subject to the Plan and award agreement.

How many shares does Benjamin A. Shaw beneficially own after the reported transaction?

Following the grant, he beneficially owns 10,355 shares of Alpha Pro Tech Ltd. common stock.

Was any cash paid for the RSU grant reported on the Form 4?

No cash amount was reported; the transaction is recorded with a $0 price, indicating a restricted stock unit grant.

Does the filing report any derivative securities or option exercises by the reporting person?

No. Table II (derivative securities) shows no reported derivative acquisitions, dispositions, or holdings.