Orthofix insider sells 1,295 shares to cover taxes
Orthofix Medical Inc. (OFIX) reported that Patrick Fisher, President, Global Limb Recon, sold 1,295 shares of common stock on 2026-08-18 at $10.09 per share.
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Form Type
4
Rhea-AI Filing Summary
Orthofix Medical Inc. (OFIX) reported that Patrick Fisher, President, Global Limb Recon, sold 1,295 shares of common stock on 2026-08-18 at $10.09 per share. The sale was executed solely to satisfy tax withholding obligations under a pre-approved, mandatory sell-to-cover arrangement and involved no discretion by Fisher. Following this transaction, he holds 51,219 shares directly, including 36,028 restricted stock units and 1,881 shares acquired under Orthofix's Stock Purchase Plan.
Insider Trade Summary
Net Seller: 1,295 shares
Net Sell
1 txn
Insider
Fisher Patrick
Role
President, Global Limb Recon
Sold
1,295 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 1,295 | $10.09 | $13K |
Holdings After Transaction:
Common Stock — 51,219 shares (Direct)
Footnotes (2)
- F1. Represents the number of shares of common stock sold to satisfy tax withholding obligations in connection with the settlement of restricted stock units, pursuant to a pre-existing sell-to-cover requirement previously approved and mandated by the Compensation and Talent Development Committee of the Company's Board of Directors (the administrator of the plan pursuant to which such restricted stock units were granted). Such sale was made without the exercise of any discretion by the reporting person.
- F2. Includes 36,028 previously reported restricted stock units and 1,881 shares acquired under Orthofix's Stock Purchase Plan ("Orthofix's SPP") on 04/30/2026. Orthofix's SPP is a "Stock Purchase Plan" as defined in Rule 16b-3(b)(5), and share acquisitions under the plan are exempt from Section 16(b).
Key Figures
Shares sold: 1,295 shares
Sale price per share: $10.09 per share
Shares held after transaction: 51,219 shares
+2 more
5 metrics
Shares sold
1,295 shares
Common Stock sold on 2026-08-18 to satisfy tax withholding obligations
Sale price per share
$10.09 per share
Price for the 1,295-share Common Stock sale on 2026-08-18
Shares held after transaction
51,219 shares
Direct holdings of Patrick Fisher following the 2026-08-18 sale
Restricted stock units included
36,028 restricted stock units
Previously reported RSUs included within post-transaction holdings
Shares from Stock Purchase Plan
1,881 shares
Shares acquired under Orthofix’s Stock Purchase Plan on 04/30/2026
Key Terms
sell-to-cover, restricted stock units, Stock Purchase Plan, Section 16(b)
4 terms
sell-to-cover financial
"sold to satisfy tax withholding obligations in connection with the settlement"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
restricted stock units financial
"tax withholding obligations in connection with the settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Purchase Plan financial
"shares acquired under Orthofix's Stock Purchase Plan ("Orthofix's SPP")"
A stock purchase plan is a company-run program that lets employees or qualifying investors buy the company’s shares regularly, often through paycheck deductions and sometimes at a discounted price or with matching contributions. It matters because it encourages ownership—like a workplace discount for buying company products—aligning interests between holders and managers, while affecting share supply and potential value for outside investors.
Section 16(b) regulatory
"share acquisitions under the plan are exempt from Section 16(b)"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Orthofix Medical (OFIX) insider Patrick Fisher report in this Form 4?
Patrick Fisher reported a sale of 1,295 OFIX shares of common stock on 2026-08-18 at $10.09 per share, conducted to cover tax withholding obligations related to restricted stock unit settlement.
Was the OFIX insider sale by Patrick Fisher discretionary?
No. The filing states the 1,295-share sale was made to satisfy tax withholding obligations under a pre-existing, mandated sell-to-cover requirement approved by the Compensation and Talent Development Committee, and was executed without Fisher’s discretion.
What role do restricted stock units play in Patrick Fisher’s OFIX holdings?
Patrick Fisher’s post-transaction holdings of 51,219 shares include 36,028 restricted stock units. The reported sale covered tax withholding obligations arising from the settlement of such restricted stock units.
What is Orthofix’s Stock Purchase Plan mentioned in the OFIX Form 4?
The filing notes that Fisher’s holdings include 1,881 shares acquired under Orthofix’s Stock Purchase Plan, described as a “Stock Purchase Plan” under Rule 16b-3(b)(5), with share acquisitions under the plan exempt from Section 16(b).
AI-generated analysis. How Rhea-AI works. Not financial advice.
