Marine Products (NYSE: MPX) stock converted in MasterCraft merger deal

Rhea-AI Filing Summary

Marine Products Group, LLC director Timothy Curtis Rollins reported disposing his Marine Products common stock in connection with the company’s merger with MasterCraft Boat Holdings, Inc. The filing shows 67835 shares held directly and 284 shares held indirectly through his spouse were disposed of in issuer transactions, leaving him with zero Marine Products shares reported.

Under the merger agreement, each Marine Products share was converted into the right to receive $2.43 in cash, without interest, plus 0.232 shares of MasterCraft common stock. The market price of MasterCraft common stock was $24.64 per share at the close of business on May 14, 2026.

Insights

Equity compensation and M&A specialist

Director’s reported disposals reflect mechanical share conversion under a completed merger.

The Form 4 shows Timothy Curtis Rollins disposing of Marine Products common stock, both directly held and held by his spouse, as part of an issuer-related transaction tied to the MasterCraft merger. This is recorded with code D, indicating disposition to the issuer rather than an open-market sale.

The footnotes explain that each Marine Products share converted into $2.43 in cash plus 0.232 MasterCraft shares, with MasterCraft stock closing at $24.64 on May 14, 2026. This points to a merger-driven exchange of value rather than a discretionary trade, so the informational signal about his personal view of the stock is limited.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rollins Timothy Curtis

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock, $.10 Par Value	67,835	$0.00	--
Disposition	Common Stock, $.10 Par Value	284	$0.00	--

Holdings After Transaction: Common Stock, $.10 Par Value — 0 shares (Direct, null); Common Stock, $.10 Par Value — 0 shares (Indirect, By Spouse)

Footnotes (1)

1. The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership. Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.

Key Figures

Direct shares disposed: 67,835 shares Indirect shares disposed (spouse): 284 shares Cash consideration per share: $2.43 per share +3 more

6 metrics

Direct shares disposed 67,835 shares Marine Products common stock, disposition to issuer

Indirect shares disposed (spouse) 284 shares Marine Products common stock, held by spouse

Cash consideration per share $2.43 per share Merger consideration for each Marine Products share

Stock consideration per share 0.232 shares MasterCraft common stock per Marine Products share

MasterCraft market price $24.64 per share Closing price on May 14, 2026

Shares after transaction 0 shares Marine Products shares held following disposition

Key Terms

Disposition to issuer, Agreement and Plan of Merger, First Effective Time, pecuniary interest, +1 more

5 terms

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

Agreement and Plan of Merger financial

"Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

First Effective Time financial

"at the First Effective Time (as defined in the Merger Agreement)"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

Section 16 of the Securities Exchange Act of 1934 regulatory

"for the purpose of Section 16 of the Securities Exchange Act of 1934"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

Form 4 Insider Transactions: What Each Field Means →

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

X

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^*

Rollins Timothy Curtis

(Last) (First) (Middle)

2801 BUFORD HIGHWAY, NE,

SUITE 300

(Street)

ATLANTA GEORGIA 30329

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARINE PRODUCTS GROUP, LLC [ MPX ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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, $.10 Par Value	05/15/2026		D		67,835	D	(2)	0	D
Common Stock, $.10 Par Value	05/15/2026		D		284(1)	D	(2)	0	I	By Spouse

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. The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.

2. Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.

	/s/ Callum Macgregor as attorney-in-fact for Timothy Curtis Rollins	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Marine Products (MPX) director Timothy Curtis Rollins report in this Form 4?

He reported disposing of Marine Products common stock in connection with the company’s merger with MasterCraft. The entries include both directly held shares and shares held indirectly through his spouse, and after the transactions he reported holding no Marine Products shares.

How many Marine Products (MPX) shares did Timothy Curtis Rollins dispose of?

He disposed of 67835 Marine Products common shares held directly and 284 shares held indirectly through his spouse. Both transactions are coded as dispositions to the issuer, reflecting a merger-related event rather than ordinary open-market trading activity.

What consideration did Marine Products (MPX) shareholders receive in the MasterCraft merger?

Each Marine Products common share converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock. The filing notes MasterCraft’s stock closed at $24.64 per share on May 14, 2026, providing context for the stock portion’s value.

How is the indirect Marine Products (MPX) ownership by Timothy Curtis Rollins described?

The filing shows 284 Marine Products shares held indirectly "By Spouse" and disposed of in the merger. A footnote states he disclaims beneficial ownership of such securities for Section 16 purposes, except to the extent of his pecuniary interest in them.

Did Timothy Curtis Rollins retain any Marine Products (MPX) shares after the merger transaction?

No, the Form 4 reports zero Marine Products shares following the dispositions. All reported holdings, both direct and those held by his spouse, were converted in the issuer-related merger transaction described in the footnotes to the filing.

Was this Marine Products (MPX) Form 4 an open-market sale by the director?

No, both transactions are coded as "Disposition to issuer," indicating they are tied to a corporate event. Footnotes link the dispositions to the merger where each Marine Products share was converted into cash and MasterCraft stock, rather than sold in the open market.