[Form 4] The ODP Corporation Insider Trading Activity

Rhea-AI Filing Summary

Max Hood, identified as Co-CFO and SVP of ODP Corp (ODP), reported a Form 4 transaction dated 09/06/2025. The filing shows a disposition (code F) of 2,448 shares of Common Stock at a price of $22.21 per share. The filing explains these shares were withheld by the issuer to satisfy tax withholding on the vesting of restricted shares originally granted on 09/06/2024. After the withholding, the reporting person beneficially owned 40,970 shares, held directly. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person on 09/09/2025. This disclosure documents a routine tax-related share withholding tied to equity compensation vesting.

Positive

• Continued direct ownership of 40,970 shares after withholding, indicating retained equity stake
• Transparent disclosure of the tax-withholding disposition tied to a prior restricted share grant

Negative

• Disposition of 2,448 shares through issuer withholding at $22.21 per share (reduces share count)

Insights

Financial Analyst

TL;DR Routine tax-withholding disposition on vested restricted shares; no indication of voluntary sale or change in stake.

The Form 4 reports a disposition of 2,448 shares via issuer withholding at $22.21 per share to satisfy tax obligations arising from the vesting of restricted stock granted a year earlier. This is a non-sale disposition coded as F and leaves the executive with 40,970 shares beneficially owned directly. From a financial-analyst perspective, this is a standard administrative action for equity compensation and does not signal a liquidity-driven sale or change in strategic ownership. No cash proceeds to the executive are reported because withholding is performed by the issuer.

Corporate Governance Expert

TL;DR Administrative withholding for taxes on vested awards; disclosure aligns with Section 16 reporting requirements.

The filing discloses compliant Section 16 reporting for an officer. The use of issuer withholding to satisfy tax withholding obligations is common and the filing plainly states the shares relate to a grant dated 09/06/2024. The transaction code F correctly captures a disposition by withholding rather than an open-market sale. For governance purposes, the report confirms continued direct ownership of 40,970 shares but does not indicate any change to officer roles or additional compensatory arrangements beyond the referenced grant.

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^*

Hood Max

(Last) (First) (Middle)

6600 NORTH MILITARY TRAIL

LEGAL DEPARTMENT

(Street)

BOCA RATON FL 33496

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ODP Corp [ ODP ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-CFO and SVP

3. Date of Earliest Transaction (Month/Day/Year)
09/06/2025

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	09/06/2025		F		2,448(1)	D	$22.21	40,970	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. Shares of common stock withheld by Issuer to satisfy tax withholding obligations on vesting of shares with restrictions from a grant issued on September 6, 2024.

	/s/ Sarah E. Hlavinka, Attorney-in-Fact	09/09/2025
	** 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 did Max Hood report on the Form 4 for ODP?

The Form 4 reports a disposition of 2,448 common shares on 09/06/2025 via issuer withholding to satisfy taxes from vested restricted shares.

Why were the 2,448 ODP shares disposed of?

The filing states the shares were withheld by the issuer to satisfy tax withholding obligations on shares that vested from a grant issued on 09/06/2024.

What was the price recorded for the withheld ODP shares?

The reported price for the withheld shares is $22.21 per share.

How many ODP shares does the reporting person own after the transaction?

After the withholding, the reporting person beneficially owned 40,970 shares, held directly.

Who signed the Form 4 and when?

The Form 4 was signed by /s/ Sarah E. Hlavinka, Attorney-in-Fact on 09/09/2025.