ODP Form 4: Co-CFO has 2,448 shares withheld to cover taxes

Rhea-AI Filing Summary

Adam Haggard, Co-CFO and SVP of ODP Corp (ODP) reported a change in beneficial ownership on 09/06/2025. The filing discloses that 2,448 shares of common stock were disposed at a price of $22.21 and that 24,714 shares remain beneficially owned following the transaction. The form states these 2,448 shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted shares granted on 09/06/2024.

Positive

• Disclosure is specific: The Form 4 provides transaction date, price ($22.21), number of shares withheld (2,448), and post-transaction ownership (24,714).
• Administrative tax withholding disclosed: The filing explicitly states shares were withheld to satisfy tax obligations on vested restricted stock from the 09/06/2024 grant.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider tax-withholding reduced reported holdings by 2,448 shares; no sale for liquidity is specified.

The Form 4 indicates a non-cash disposition where shares were withheld by the issuer to satisfy tax obligations on vested restricted stock from a grant dated 09/06/2024. The transaction price is recorded as $22.21 and results in 24,714 shares beneficially owned post-transaction. This is a customary administrative action following vesting and, based on the filing content alone, does not signal a voluntary sale or change in executive ownership intent.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 reporting requirements for an insider; transaction is a tax withholding on vesting.

The report identifies the reporting person as a named officer (Co-CFO and SVP) and documents the withholding of 2,448 shares to satisfy tax withholding tied to restricted share vesting. The filing includes signature by an attorney-in-fact and provides the required details: transaction date, price, and post-transaction beneficial ownership. From a governance standpoint, the filing is routine and compliant as presented.

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

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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^*

Haggard Adam

(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	24,714	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 transaction did Adam Haggard (ODP) report on 09/06/2025?

The Form 4 reports that 2,448 shares of ODP common stock were disposed at a price of $22.21 on 09/06/2025.

Why were the 2,448 ODP shares disposed according to the filing?

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

How many ODP shares does Adam Haggard beneficially own after the transaction?

The Form 4 reports 24,714 shares beneficially owned following the reported transaction.

What is Adam Haggard's role at ODP as listed on the Form 4?

The filing identifies the reporting person as an Officer with the title Co-CFO and SVP.

Who signed the Form 4 filing for Adam Haggard and when?

The form is signed by /s/ Sarah E. Hlavinka, Attorney-in-Fact with a signature date of 09/09/2025.