[Form 4] Universal Display Corp Insider Trading Activity

Rhea-AI Filing Summary

Brian Millard, VP/CFO of Universal Display Corporation (OLED), reported multiple open-market sales of common stock on 08/19/2025. The Form 4 shows four separate sales totaling 2,651 shares at weighted-average prices in ranges from $140.00 to $143.09, leaving the reporting person with 13,000 shares beneficially owned after the transactions. The filing is signed via power of attorney on 08/21/2025 and discloses that detailed per-price sale counts are available to the SEC, the company, or shareholders upon request.

Positive

• None.

Negative

• Reporting person sold 2,651 shares on 08/19/2025, reducing beneficial ownership to 13,000 shares
• Sales executed at prices between $140.00 and $143.09, disclosed as weighted-average ranges rather than per-trade prices

Insights

Securities Analyst

TL;DR: Insider sold a small block of shares across four trades on 08/19/2025, reducing holdings to 13,000 shares.

The transactions reported are open-market sales by the VP/CFO executed the same day and disclosed on Form 4. Total shares sold equal 2,651 across four sale price ranges from $140.00 to $143.09. The filing notes weighted-average prices for each range and commits to provide detailed per-price quantities on request. For investors, this is a routine insider sale disclosure; the absolute size of the sale appears limited relative to typical institutional transactions.

Corporate Governance Expert

TL;DR: Form 4 documents compliance with Section 16 reporting for an officer sale; disclosure is complete and signed by POA.

The filing identifies the reporting person as VP/CFO and indicates the report was filed by one reporting person. The signature is provided by a power of attorney, dated 08/21/2025. Explanatory footnotes clarify weighted-average sale price ranges and the availability of detailed sale-level data. From a governance perspective, the Form 4 includes required explanations and appears procedurally compliant.

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
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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^*

Millard Brian

(Last) (First) (Middle)

C/O UNIVERSAL DISPLAY CORPORATION

250 PHILLIPS BLVD.

(Street)

EWING NJ 08618

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL DISPLAY CORP \PA\ [ OLED ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		S		1,751	D	$140.13(1)	13,900	D
Common Stock	08/19/2025		S		461	D	$141.27(2)	13,439	D
Common Stock	08/19/2025		S		359	D	$142.57(3)	13,080	D
Common Stock	08/19/2025		S		80	D	$143.08(4)	13,000	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. Represents the weighted average of a range of sale prices from $140.00 to $141.00. The Reporting Person undertakes to provide to the staff of Securities and Exchange Commission, the Company or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price.

2. Represents the weighted average of a range of sale prices from $141.01 to $142.01. The Reporting Person undertakes to provide to the staff of Securities and Exchange Commission, the Company or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price.

3. Represents the weighted average of a range of sale prices from $142.02 to $142.73. The Reporting Person undertakes to provide to the staff of Securities and Exchange Commission, the Company or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price.

4. Represents the weighted average of a range of sale prices from $143.03 to $143.09. The Reporting Person undertakes to provide to the staff of Securities and Exchange Commission, the Company or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price.

	/s/ Brian Millard (by Mauro Premutico as power of attorney)	08/21/2025
	** 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 transactions did Brian Millard report on the Form 4 for OLED?

The Form 4 reports four open-market sales on 08/19/2025 totaling 2,651 shares, executed in price ranges from $140.00 to $143.09.

How many shares does the reporting person own after the transactions?

The reporting person beneficially owned 13,000 shares following the reported transactions.

Who signed the Form 4 and when was it filed?

The Form 4 is signed /s/ Brian Millard (by Mauro Premutico as power of attorney) and the signature is dated 08/21/2025.

Are detailed per-price sale quantities disclosed in the Form 4?

The filing provides weighted-average price ranges and states the reporting person will provide detailed per-price sale counts to the SEC, the company, or any shareholder upon request.

What is the reporting person’s role at Universal Display (OLED)?

The Form 4 identifies the reporting person as an Officer with the title VP/CFO.