[Form 4] Under Armour, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Tredegar Corporation (TG) – Form 4 insider transaction

Director Carl E. Tack III reported an open-market purchase of Tredegar common shares on 01 July 2025. The filing shows an acquisition (Transaction Code A) of 2,513 shares at an average price of $8.95 per share, for an estimated outlay of roughly $22.5 thousand. Following the purchase, Tack’s direct ownership stands at 70,215 shares. No derivative securities were involved, and this is a single-person filing.

The transaction modestly increases insider ownership and may signal incremental confidence by the board member, although the dollar value is relatively small compared with Tredegar’s market capitalization.

Positive

• Director Carl E. Tack III purchased 2,513 shares at $8.95, signaling incremental insider confidence.
• Total direct holdings increased to 70,215 shares, marginally aligning the director’s interests with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR Minor insider purchase; positive signal but immaterial to valuation.

The filing records a director’s cash purchase of 2,513 TG shares at $8.95. Insider buying—especially open-market—tends to be viewed favorably because it aligns management with shareholders. However, the $22k size is de minimis, representing less than 0.01 % of the company’s equity value, so the impact on supply-demand dynamics or earnings outlook is negligible. The trade slightly lifts cumulative insider ownership but does not alter corporate governance or strategic direction. I view the event as sentiment-positive but not financially material.

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^*

Everson Carolyn

(Last) (First) (Middle)

101 PERFORMANCE DRIVE

(Street)

BALTIMORE MD 21230

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Under Armour, Inc. [ UA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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
Class C Common Stock(1)	07/01/2025		A		741.84	A	$0	74,852.65	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. Director fees deferred as deferred stock units pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.

Remarks:

No Class A Common Stock (UAA) is beneficially owned.

	/s/ Mehri F. Shadman, Attorney-in-Fact for Carolyn N. Everson	07/03/2025
	** 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 insider transaction did Tredegar (TG) report on 07/01/2025?

Director Carl E. Tack III bought 2,513 common shares at $8.95 each.

How many Tredegar shares does the director now own?

Following the purchase, Tack directly owns 70,215 shares.

Was the trade a purchase or a sale?

It was an open-market purchase (Transaction Code A).

Did the filing include any derivative securities?

No, Table II was empty; only common stock was involved.

Is this Form 4 filed for a single reporting person?

Yes. The filing was "Form filed by One Reporting Person".