UFP Technologies (UFPT) director amends Form 4 to correct 2,602-share holding
Rhea-AI Filing Summary
UFP Technologies Inc insider Joseph John Hassett, a director, filed an amended Form 4 to correct his reported holdings of Common Stock, $.01 Par Value. The amendment states that, due to an administrative error, the prior filing understated his beneficial ownership; the correct amount beneficially owned following the reported transaction was 2,602 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hassett Joseph John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, $.01 Par Value F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock, $.01 Par Value — 2,602 shares (Direct)
Footnotes (1)
- F1. This amendment is being filed to correct the Amount of Shares Beneficially owned by the Reporting Person previously reported on the Form 4 filed on June 8, 2026. Due to an administrative error, the original filing incorrectly reported that 2,425 shares were beneficially owned following the transaction being reported. The correct number of shares beneficially owned, as reported in this amendment, was 2,602 shares.
Key Figures
Correct beneficial ownership: 2,602 shares
Previously reported ownership: 2,425 shares
Security: Common Stock, $.01 Par Value
3 metrics
Correct beneficial ownership
2,602 shares
Common Stock beneficially owned following the reported transaction
Previously reported ownership
2,425 shares
Incorrectly reported beneficial ownership on original Form 4 filed June 8, 2026
Security
Common Stock, $.01 Par Value
Class of security for which beneficial ownership is reported
Key Terms
beneficially owned, administrative error, Power of Attorney
3 terms
beneficially owned financial
"incorrectly reported that 2,425 shares were beneficially owned following the transaction"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
administrative error financial
"Due to an administrative error, the original filing incorrectly reported that 2,425 shares"
Power of Attorney regulatory
"Exhibit 24: Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What did UFP Technologies (UFPT) insider Joseph John Hassett change in this Form 4/A?
He corrected his beneficially owned common stock holdings. A prior Form 4 reported 2,425 shares; this amendment states the correct post-transaction ownership was 2,602 shares following the same transaction.
Does the UFP Technologies (UFPT) Form 4/A report a new stock transaction?
No. The Form 4/A reports a holding entry only. It amends the previously reported number of shares beneficially owned after an earlier transaction; it does not disclose any new purchase, sale, or option exercise.
What was the error corrected in the UFP Technologies (UFPT) Form 4/A?
The company’s director corrected an administrative error in his earlier Form 4. That filing incorrectly showed 2,425 shares beneficially owned; the correct post-transaction amount, now reported, is 2,602 shares.
Does the UFP Technologies (UFPT) Form 4/A mention a Rule 10b5-1 trading plan?
No. The filing’s indicator for a Rule 10b5-1 plan is set to false. The amendment focuses solely on correcting the reported number of shares beneficially owned after the prior transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.