[Form 4] Kewaunee Scientific Corp Insider Trading Activity

Rhea-AI Filing Summary

Universal Display Corp. (OLED) – Form 4 filing dated 07/02/2025

Director Sidney D. Rosenblatt reported the acquisition of 342 shares of OLED common stock on 06/30/2025. The transaction is coded “A” (acquisition) at a stated price of $0, implying the shares were received without cash consideration (e.g., grant or award). Following the transaction, the director’s direct ownership stands at 136,616 shares. In addition, he holds 2,830 shares indirectly via a Grantor Retained Annuity Trust and 17,499 shares through his spouse.

The purchase increases Rosenblatt’s direct stake by less than 0.3%, leaving his overall beneficial ownership essentially unchanged in percentage terms relative to Universal Display’s outstanding share count. Because of the small size and zero-dollar consideration, the filing is unlikely to be financially material, but it does reinforce continued insider alignment with shareholders.

Positive

• Insider acquisition: Director increased direct holdings by 342 shares, a generally supportive signal of insider confidence, albeit modest in scale.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small, zero-cost insider acquisition; immaterial to valuation, modestly positive for sentiment.

The Form 4 discloses that Director Sidney D. Rosenblatt added 342 OLED shares at no cost, bringing his direct holding to 136,616 shares. With Universal Display’s ~47 million share base, the incremental purchase represents well under 0.01% of shares outstanding and therefore has no impact on fundamentals or liquidity. Nevertheless, insider buying—however small—can signal confidence and reduce perceived governance risk. Because the shares were acquired for $0, the move likely stems from an equity compensation program rather than an open-market purchase, limiting the signaling value. Overall effect: sentiment-positive but valuation-neutral.

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

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HULL THOMAS DAVID III

(Last) (First) (Middle)

2700 WEST FRONT STREET

(Street)

STATESVILLE NC 28677

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KEWAUNEE SCIENTIFIC CORP /DE/ [ KEQU ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		M		12,130	A	$0(1)	48,202	D
Common Stock	07/01/2025		F		3,483	D	$58.34	44,719	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
Restricted Stock Units FY23	(1)	06/30/2025		M			5,357	(2)	(2)	Common Stock	5,357	$0	0	D
Restricted Stock Units FY24	(1)	06/30/2025		M			4,133	(3)	(3)	Common Stock	4,133	$0	33,061	D
Restricted Stock Units FY25	(1)	06/30/2025		M			2,640	(4)	(4)	Common Stock	2,640	$0	17,166	D

Explanation of Responses:

1. Restricted stock units convert to common stock on a one-for-one basis.

2. On June 29, 2022, the reporting person was granted restricted stock units that vest as follows: (a) 100% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 30, 2023, subject to the reporting person's continued employment with the Company.

3. On June 28, 2023, the reporting person was granted restricted stock units that vest as follows: (a) 30% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 30, 2024, subject to the reporting person's continued employment with the Company, and (b) 70% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.

4. On June 28, 2024, the reporting person was granted restricted stock units that vest as follows: (a) 40% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 30, 2025, subject to the reporting person's continued employment with the Company, and (b) 60% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.

Remarks:

	/s/ Donald T. Gardner III, Attorney-in-fact	07/02/2025
	** 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).
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FAQ

How many OLED shares did Director Sidney D. Rosenblatt acquire?

The Form 4 shows an acquisition of 342 common shares on 06/30/2025.

At what price were the shares acquired?

The transaction lists a price of $0, suggesting a grant or award rather than an open-market purchase.

What is Rosenblatt’s total direct ownership after the transaction?

After the acquisition, he directly owns 136,616 shares of Universal Display Corp.

Does the filing report any derivative security activity?

No. Table II is empty; there were no derivative transactions disclosed.

Is the transaction material to Universal Display shareholders?

Given the small share count (<0.01% of shares outstanding), the filing is considered immaterial to valuation.