Engine Capital funds buy 184,896 Orthofix shares

Orthofix Medical Inc. shareholder entities associated with Engine Capital reported open-market purchases of the company’s common stock.

Rhea-AI Filing Summary

Orthofix Medical Inc. shareholder entities associated with Engine Capital reported open-market purchases of the company’s common stock. Engine Capital, L.P. and Engine Lift Capital, LP together bought 184,896 shares between May 5 and May 7, 2026 at prices around $11.99–$12.23 per share. These shares are held indirectly through the Engine investment funds, and the reporting persons expressly limit beneficial ownership to their respective pecuniary interests. One filing line also updates that Engine Jet Capital, L.P. holds 344,652 shares of Orthofix common stock.

Insider Trade Summary

Net Buyer: 184,896 shares

Net Buy 9 txns

Insider Engine Capital Management, LP, ENGINE CAPITAL, L.P., Engine Jet Capital, L.P., Engine Lift Capital, LP, Engine Investments, LLC, Engine Investments II, LLC, Engine Capital Management GP, LLC, Ajdler Arnaud

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Bought 184,896 shs ($2.23M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	18,192	$12.1977	$222K
Purchase	Common Stock	9,096	$12.1471	$110K
Purchase	Common Stock	1,808	$12.1977	$22K
Purchase	Common Stock	904	$12.1471	$11K
Purchase	Common Stock	38,154	$12.228	$467K
Purchase	Common Stock	3,792	$12.228	$46K
Purchase	Common Stock	110,039	$11.9928	$1.32M
Purchase	Common Stock	2,911	$11.9928	$35K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,848,573 shares (Indirect, By: Engine Capital, L.P.); Common Stock — 382,450 shares (Indirect, By: Engine Lift Capital, LP); Common Stock — 344,652 shares (Indirect, By: Engine Jet Capital, L.P.)

Footnotes (4)

1. F1. This Form 4 is filed jointly by Engine Capital, L.P. ("Engine Capital"), Engine Jet Capital, L.P. ("Engine Jet"), Engine Lift Capital, LP ("Engine Lift"), Engine Capital Management, LP ("Engine Management"), Engine Capital Management GP, LLC ("Engine GP"), Engine Investments, LLC ("Engine Investments"), Engine Investments II, LLC ("Engine Investments II") and Arnaud Ajdler (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
2. F2. Securities owned directly by Engine Capital. Engine Investments is the general partner of Engine Capital, Engine Management is the investment advisor of Engine Capital, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments. As a result of these relationships, Engine Investments, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Capital.
3. F3. Securities owned directly by Engine Jet. Engine Investments is the general partner of Engine Jet, Engine Management is the investment advisor of Engine Jet, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments. As a result of these relationships, Engine Investments, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Jet.
4. F4. Securities owned directly by Engine Lift. Engine Investments II is the general partner of Engine Lift, Engine Management is the investment advisor of Engine Lift, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments II. As a result of these relationships, Engine Investments II, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Lift.

Key Figures

Net shares bought: 184,896 shares Lowest purchase price: $11.9928 per share Highest purchase price: $12.2280 per share +4 more

7 metrics

Net shares bought 184,896 shares Total open-market purchases May 5–7, 2026 by Engine funds

Lowest purchase price $11.9928 per share Open-market buy on May 5, 2026

Highest purchase price $12.2280 per share Open-market buys on May 6, 2026

Engine Capital, L.P. holdings 3,848,573 shares Common stock reported following a May 7, 2026 purchase

Engine Lift Capital holdings 382,450 shares Common stock reported following a May 7, 2026 purchase

Engine Jet Capital holdings 344,652 shares Common stock holding entry dated May 5, 2026

Net buy direction net-buy transactionSummary shows net-buy with no reported sales

Key Terms

open-market purchase, indirect ownership, Section 13(d) group, beneficial ownership, +1 more

5 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

""ownership_type": "indirect", "ownership_code": "I""

Section 13(d) group regulatory

"may be deemed to be a member of a Section 13(d) group"

beneficial ownership regulatory

"disclaims beneficial ownership of the securities reported herein"

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.

pecuniary interest financial

"except to the extent of his or its pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Engine Capital report for Orthofix Medical (OFIX)?

Entities associated with Engine Capital reported buying Orthofix Medical common stock. They executed multiple open-market purchases totaling 184,896 shares between May 5 and May 7, 2026, indicating an increase in their indirect holdings through affiliated investment funds.

At what prices did Engine Capital-affiliated funds buy OFIX shares?

The Engine Capital-affiliated funds bought Orthofix Medical common stock at prices between $11.9928 and $12.2280 per share. These were reported as open-market purchases, meaning the trades were executed on the market rather than through a private negotiated transaction.

Which Engine Capital entities hold Orthofix Medical (OFIX) shares in this filing?

The filing shows Orthofix Medical shares held indirectly by Engine Capital, L.P., Engine Lift Capital, LP, and Engine Jet Capital, L.P.. Each entity directly owns its reported shares, while related Engine entities may be deemed beneficial owners through their general partner and advisory relationships.

How many Orthofix Medical shares does Engine Capital, L.P. report after these trades?

One reported line shows Engine Capital, L.P. holding 3,848,573 shares of Orthofix Medical common stock following an open-market purchase. This figure reflects that specific post-transaction position and illustrates the sizeable stake held by this Engine Capital fund.

What does the Form 4 say about Engine Jet Capital’s OFIX holdings?

The Form 4 includes a holding entry for Engine Jet Capital, L.P. showing 344,652 shares of Orthofix Medical common stock. This line updates the indirect ownership position for that specific Engine Jet fund without reporting a new buy or sell transaction.

Do Engine Capital and related parties claim full beneficial ownership of all reported OFIX shares?

The reporting persons expressly disclaim beneficial ownership of the reported Orthofix shares except to the extent of their pecuniary interest. This means they only acknowledge economic interest in the portion of shares from which they directly benefit financially.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 06:15 PM Learn about SEC filing dates

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^*

Engine Capital Management, LP

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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)
05/05/2026

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(1)	05/05/2026		P		110,039	A	$11.9928	3,783,131	I	By: Engine Capital, L.P.(2)
Common Stock(1)	05/05/2026		P		2,911	A	$11.9928	375,946	I	By: Engine Lift Capital, LP(4)
Common Stock(1)	05/06/2026		P		38,154	A	$12.228	3,821,285	I	By: Engine Capital, L.P.(2)
Common Stock(1)	05/06/2026		P		3,792	A	$12.228	379,738	I	By: Engine Lift Capital, LP(4)
Common Stock(1)	05/07/2026		P		18,192	A	$12.1977	3,839,477	I	By: Engine Capital, L.P.(2)
Common Stock(1)	05/07/2026		P		9,096	A	$12.1471	3,848,573	I	By: Engine Capital, L.P.(2)
Common Stock(1)	05/07/2026		P		1,808	A	$12.1977	381,546	I	By: Engine Lift Capital, LP(4)
Common Stock(1)	05/07/2026		P		904	A	$12.1471	382,450	I	By: Engine Lift Capital, LP(4)
Common Stock(1)								344,652	I	By: Engine Jet Capital, L.P.(3)

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^*

Engine Capital Management, LP

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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^*

ENGINE CAPITAL, L.P.

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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^*

Engine Jet Capital, L.P.

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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^*

Engine Lift Capital, LP

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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^*

Engine Investments, LLC

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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^*

Engine Investments II, LLC

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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^*

Engine Capital Management GP, LLC

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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^*

Ajdler Arnaud

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 2ND FLOOR

(Street)

NEW YORK NEW YORK 10105

(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. This Form 4 is filed jointly by Engine Capital, L.P. ("Engine Capital"), Engine Jet Capital, L.P. ("Engine Jet"), Engine Lift Capital, LP ("Engine Lift"), Engine Capital Management, LP ("Engine Management"), Engine Capital Management GP, LLC ("Engine GP"), Engine Investments, LLC ("Engine Investments"), Engine Investments II, LLC ("Engine Investments II") and Arnaud Ajdler (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

2. Securities owned directly by Engine Capital. Engine Investments is the general partner of Engine Capital, Engine Management is the investment advisor of Engine Capital, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments. As a result of these relationships, Engine Investments, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Capital.

3. Securities owned directly by Engine Jet. Engine Investments is the general partner of Engine Jet, Engine Management is the investment advisor of Engine Jet, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments. As a result of these relationships, Engine Investments, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Jet.

4. Securities owned directly by Engine Lift. Engine Investments II is the general partner of Engine Lift, Engine Management is the investment advisor of Engine Lift, Engine GP is the general partner of Engine Management, and Mr. Ajdler serves as the managing partner of Engine Management and the managing member of Engine GP and Engine Investments II. As a result of these relationships, Engine Investments II, Engine Management, Engine GP and Mr. Ajdler may be deemed to beneficially own the securities owned directly by Engine Lift.

	Engine Capital Management, LP, By: Engine Capital Management GP, LLC, By: Arnaud Ajdler, Managing Member	05/07/2026
	Engine Capital, L.P., By: Engine Investments, LLC, By: Arnaud Ajdler, Managing Member	05/07/2026
	Engine Jet Capital, L.P., By: Engine Investments, LLC, By: Arnaud Ajdler, Managing Member	05/07/2026
	Engine Lift Capital, LP, By: Engine Investments II, LLC, By: Arnaud Ajdler, Managing Member	05/07/2026
	Engine Investments, LLC, By: Arnaud Ajdler, Managing Member	05/07/2026
	Engine Investments II, LLC, By: Arnaud Ajdler, Managing Member	05/07/2026
	Engine Capital Management GP, LLC, By: Arnaud Ajdler, Managing Member	05/07/2026
	/s/ Arnaud Ajdler	05/07/2026
	** 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)