Juniper-managed funds trim Orthofix (OFIX) stake with 242K-share sale

Rhea-AI Filing Summary

Orthofix Medical Inc. reported an insider transaction involving funds managed by Juniper Investment Company, LLC. A Form 4 shows that Juniper Targeted Opportunity Fund, L.P., for which Juniper Investment Company acts as investment manager, completed an open-market sale of 242,000 shares of Orthofix common stock at a weighted average price of $10.6992 per share, with individual trade prices ranging from $10.2450 to $10.9500. After this sale, Juniper Targeted Opportunity Fund, L.P. held 3,461,216 shares indirectly. Related funds advised by Juniper Investment Company also held 45,426 shares through Juniper Multi-Strategy Fund, L.P. and 935,901 shares through Juniper Targeted Opportunities, L.P. Juniper Investment Company, and managing members John A. Bartholdson and Alexis P. Michas, state they may be deemed to beneficially own these holdings but disclaim beneficial ownership beyond their pecuniary interest.

Insights

Insider trading analyst

Large shareholder fund sold 242,000 Orthofix shares but retained a sizable position.

The filing shows an open-market sale of 242,000 Orthofix shares by Juniper Targeted Opportunity Fund, L.P. at a weighted average price of $10.6992. The trades occurred within a price range from $10.2450 to $10.9500.

After the sale, the fund still held 3,461,216 shares, while related Juniper-managed funds held an additional 45,426 and 935,901 shares indirectly. This indicates continued substantial exposure to Orthofix Medical Inc. despite the net-sell activity reported.

Juniper Investment Company and managing members John A. Bartholdson and Alexis P. Michas may be deemed to share voting and dispositive power but formally disclaim beneficial ownership beyond their pecuniary interest. The filing does not reference any trading plan, so subsequent company disclosures may provide further context if needed.

Insider Trade Summary

Net Seller: 242,000 shares ($2,589,206)

Net Sell 3 txns

Insider Juniper Investment Company, LLC, Bartholdson John A., MICHAS ALEXIS P

Role null | null | null

Sold 242,000 shs ($2.59M)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.10 par value per share	242,000	$10.6992	$2.59M
holding	Common Stock, $0.10 par value per share	--	--	--
holding	Common Stock, $0.10 par value per share	--	--	--

Holdings After Transaction: Common Stock, $0.10 par value per share — 3,461,216 shares (Indirect, By: Juniper Targeted Opportunity Fund, L.P.)

Footnotes (1)

1. Represents the weighted average per share price with a range from $10.2450 and $10.9500. The reporting person undertakes to provide details of the trades to the Issuer or the Securities and Exchange Commission upon request. As the investment manager of Juniper Targeted Opportunity Fund, L.P. (Juniper Targeted Opportunity Fund"), Juniper Investment Company may be deemed to beneficially own the securities held by the Juniper Targeted Opportunity Fund, Juniper Investment Company disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein. John A. Bartholdson and Alexis P. Michas serve as the managing members of Juniper Investment Company and the general partner of Juniper Targeted Opportunity Fund, and as a result, Messrs. Bartholdson and Michas share voting and dispositive power over such shares with Juniper Investment Company. Messrs. Bartholdson and Michas disclaim beneficial ownership of the holdings of Juniper Targeted Opportunity Fund reflected herein except to the extent of their pecuniary interest therein. As the investment manager of Juniper Targeted Opportunities, LP (Juniper Targeted Opportunities"), Juniper Investment Company may be deemed to beneficially own the securities held by Juniper Targeted Opportunities, Juniper Investment Company disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein. Messrs. Bartholdson and Michas serve as the managing members of Juniper Investment Company and the general partner of Juniper Targeted Opportunities, and as a result, Messrs. Bartholdson and Michas share voting and dispositive power over such shares with Juniper Investment Company. Messrs. Bartholdson and Michas disclaim beneficial ownership of the holdings of Juniper Targeted Opportunities reflected herein except to the extent of their pecuniary interest therein. As the investment manager of Juniper Multi-Strategy Fund" (Juniper Multi-Strategy"), Juniper Investment Company may be deemed to beneficially own the securities held by Juniper Multi-Strategy. Juniper Investment Company disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein. Messrs. Bartholdson and Michas serve as the managing members of Juniper Investment Company and the general partner of Juniper Multi-Strategy, and as a result, Messrs. Bartholdson and Michas share voting and dispositive power over such shares with Juniper Investment Company. Messrs. Bartholdson and Michas disclaim beneficial ownership of the holdings of Juniper Multi-Strategy reflected herein except to the extent of their pecuniary interest therein.

Key Figures

Shares sold: 242,000 shares Weighted average sale price: $10.6992 per share Post-sale holdings (Targeted Opportunity Fund): 3,461,216 shares +3 more

6 metrics

Shares sold 242,000 shares Open-market sale by Juniper Targeted Opportunity Fund, L.P.

Weighted average sale price $10.6992 per share Common stock sale on May 22, 2026

Post-sale holdings (Targeted Opportunity Fund) 3,461,216 shares Indirect common stock ownership after transaction

Holdings (Juniper Multi-Strategy Fund, L.P.) 45,426 shares Indirect Orthofix common stock holdings

Holdings (Juniper Targeted Opportunities, L.P.) 935,901 shares Indirect Orthofix common stock holdings

Sale price range $10.2450–$10.9500 per share Price range for trades included in weighted average

Key Terms

open-market sale, weighted average per share price, beneficial ownership, disclaims beneficial ownership, +1 more

5 terms

open-market sale financial

"completed an open-market sale of 242,000 shares of Orthofix common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average per share price financial

"Represents the weighted average per share price with a range from $10.2450 and $10.9500"

beneficial ownership financial

"may be deemed to beneficially own the securities held by the Juniper Targeted Opportunity Fund"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

disclaims beneficial ownership financial

"disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest"

pecuniary interest financial

"disclaims beneficial ownership of the holdings ... except to the extent of their pecuniary interest therein"

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

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^*

Juniper Investment Company, LLC

(Last) (First) (Middle)

555 MADISON AVENUE

24TH FLOOR

(Street)

NEW YORK NEW YORK 10022-3315

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Orthofix Medical Inc. [ OFIX ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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

	Form filed by One Reporting Person
X	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, $0.10 par value per share	05/22/2026		S		242,000	A	$10.6992(1)	3,461,216	I	By: Juniper Targeted Opportunity Fund, L.P.(2)
Common Stock, $0.10 par value per share								935,901	I	By: Juniper Targeted Opportunities, L.P.(3)
Common Stock, $0.10 par value per share								45,426	I	Juniper Multi-Strategy Fund, L.P.(4)

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

1. Name and Address of Reporting Person^*

Juniper Investment Company, LLC

(Last) (First) (Middle)

555 MADISON AVENUE

24TH FLOOR

(Street)

NEW YORK NEW YORK 10022-3315

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Bartholdson John A.

(Last) (First) (Middle)

C/O STONINGTON PARTNERS, INC.

540 MADISON AVENUE, 25TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

MICHAS ALEXIS P

(Last) (First) (Middle)

77 4TH AVENUE

C/O REVVITY

(Street)

WALTHAM MASSACHUSETTS 02451-7567

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Represents the weighted average per share price with a range from $10.2450 and $10.9500. The reporting person undertakes to provide details of the trades to the Issuer or the Securities and Exchange Commission upon request.

2. As the investment manager of Juniper Targeted Opportunity Fund, L.P. (Juniper Targeted Opportunity Fund"), Juniper Investment Company may be deemed to beneficially own the securities held by the Juniper Targeted Opportunity Fund, Juniper Investment Company disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein. John A. Bartholdson and Alexis P. Michas serve as the managing members of Juniper Investment Company and the general partner of Juniper Targeted Opportunity Fund, and as a result, Messrs. Bartholdson and Michas share voting and dispositive power over such shares with Juniper Investment Company. Messrs. Bartholdson and Michas disclaim beneficial ownership of the holdings of Juniper Targeted Opportunity Fund reflected herein except to the extent of their pecuniary interest therein.

3. As the investment manager of Juniper Targeted Opportunities, LP (Juniper Targeted Opportunities"), Juniper Investment Company may be deemed to beneficially own the securities held by Juniper Targeted Opportunities, Juniper Investment Company disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein. Messrs. Bartholdson and Michas serve as the managing members of Juniper Investment Company and the general partner of Juniper Targeted Opportunities, and as a result, Messrs. Bartholdson and Michas share voting and dispositive power over such shares with Juniper Investment Company. Messrs. Bartholdson and Michas disclaim beneficial ownership of the holdings of Juniper Targeted Opportunities reflected herein except to the extent of their pecuniary interest therein.

4. As the investment manager of Juniper Multi-Strategy Fund" (Juniper Multi-Strategy"), Juniper Investment Company may be deemed to beneficially own the securities held by Juniper Multi-Strategy. Juniper Investment Company disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein. Messrs. Bartholdson and Michas serve as the managing members of Juniper Investment Company and the general partner of Juniper Multi-Strategy, and as a result, Messrs. Bartholdson and Michas share voting and dispositive power over such shares with Juniper Investment Company. Messrs. Bartholdson and Michas disclaim beneficial ownership of the holdings of Juniper Multi-Strategy reflected herein except to the extent of their pecuniary interest therein.

	Juniper Investment Company, LLC, By:/s/ John A. Bartholdson	05/29/2026
	/s/ John A. Bartholdson	05/29/2026
	/s/ Alexis P. Michas	05/29/2026
	** 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 insider transaction did Juniper-related funds report in Orthofix Medical (OFIX)?

Juniper Targeted Opportunity Fund, L.P., managed by Juniper Investment Company, reported selling 242,000 Orthofix common shares. The weighted average sale price was $10.6992 per share, with trades executed between $10.2450 and $10.9500 according to the Form 4 disclosure.

How many Orthofix (OFIX) shares does Juniper Targeted Opportunity Fund hold after the sale?

After the reported open-market sale, Juniper Targeted Opportunity Fund, L.P. held 3,461,216 Orthofix common shares indirectly. This figure reflects the position following the 242,000-share disposition disclosed in the Form 4 insider filing dated May 22, 2026.

Were other Juniper-managed funds shown holding Orthofix (OFIX) shares in this Form 4?

Yes. The filing shows 45,426 Orthofix shares held indirectly through Juniper Multi-Strategy Fund, L.P. and 935,901 shares held through Juniper Targeted Opportunities, L.P. All of these positions are associated with Juniper Investment Company as investment manager.

What price range did the Juniper Targeted Opportunity Fund receive for selling OFIX shares?

The filing reports a weighted average sale price of $10.6992 per Orthofix share. Individual trades occurred within a price range from $10.2450 to $10.9500, and Juniper Investment Company undertakes to provide detailed trade breakdowns upon request.

Do Juniper Investment Company principals claim full beneficial ownership of OFIX shares?

No. Juniper Investment Company and managing members John A. Bartholdson and Alexis P. Michas state they may be deemed beneficial owners but expressly disclaim beneficial ownership of the Orthofix shares except to the extent of their pecuniary interest in the related funds.

Does this Orthofix (OFIX) Form 4 show any remaining derivative positions for Juniper entities?

The derivative summary in the filing is empty, indicating no derivative securities, such as options or warrants, are reported for Juniper-related entities in this particular Form 4. Only non-derivative common stock positions and the sale transaction are disclosed.