STOCK TITAN

Whitmore entities boost Ultralife (ULBI) ownership stake to 39.6%

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Ultralife Corp’s largest disclosed shareholder group has increased its stake. Amendment No. 10 to a Schedule 13D reports that Bradford T. Whitmore and affiliated entities now beneficially own 6,599,957 shares of Ultralife common stock, representing 39.6% of the class, based on 16,648,947 shares outstanding as of November 10, 2025.

Whitmore Holdings, LLC purchased a total of 187,512 shares in open-market transactions from March 12 through March 16, 2026, at various prices generally between the mid‑$5 and about $7 per share, using working capital. The filers state they have no present plans for corporate actions such as mergers, asset sales, or control changes but may review their investment and consider future plans over time.

Positive

  • None.

Negative

  • None.

Insights

Whitmore-affiliated entities quietly lift Ultralife ownership to nearly 40% through open-market buying.

Bradford T. Whitmore and related entities now report beneficial ownership of 6,599,957 Ultralife shares, or 39.6% of the common stock, calculated against 16,648,947 shares outstanding as of November 10, 2025. This reflects a highly concentrated shareholder position.

Whitmore Holdings, LLC acquired 187,512 shares between March 12 and March 16, 2026 in many small open-market trades, at prices ranging roughly from about $5 to just above $7 per share, funded with working capital. Such purchases indicate continued capital deployment into Ultralife by this holder group.

The filers expressly state they currently have no plans or proposals relating to the classic change-of-control or restructuring actions listed in Item 4(a)-(j), while reserving flexibility to reconsider their investment and potential plans later. Future company disclosures would clarify whether this sizable stake translates into governance initiatives or remains a passive but influential holding.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Bradford T. Whitmore has shared voting power of 1,941,759 shares as the manager of Whitmore Holdings, LLC, the holder of the shares. Bradford T. Whitmore has shared voting power of 4,452,283 shares as the manager of SUNRAY I, LLC, the holder of the shares. Bradford T. Whitmore has shared dispositive power of 1,941,759 shares as the manager of Whitmore Holdings, LLC, the holder of the shares. Bradford T. Whitmore has shared dispositive power of 4,452,283 shares as the manager of SUNRAY I, LLC, the holder of the shares.


SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
Whitmore Holdings, LLC has shared voting power of 4,452,283 shares as the sole member of SUNRAY I, LLC, the holder of the shares. Whitmore Holdings, LLC has shared dispositive power of 4,452,283 shares as the sole member of SUNRAY I, LLC, the holder of the shares.


SCHEDULE 13D




Comment for Type of Reporting Person:
Bradford Whitmore Trust has shared voting power of 4,452,283 shares as the sole member of Whitmore Holdings, LLC, which is the sole member of SUNRAY I, LLC, the holder of the shares. Bradford Whitmore Trust has shared voting power of 1,941,759 shares as the sole member of Whitmore Holdings, LLC, the holder of the shares. Bradford Whitmore Trust has shared dispositive power of 4,452,283 shares as the sole member of Whitmore Holdings, LLC, which is the sole member of SUNRAY I, LLC, the holder of the shares. Bradford Whitmore Trust has shared dispositive power of 1,941,759 shares as the sole member of Whitmore Holdings, LLC, the holder of the shares.


SCHEDULE 13D


WHITMORE BRADFORD T
Signature:Bradford T. Whitmore
Name/Title:Bradford T. Whitmore
Date:03/16/2026
SUNRAY I, LLC
Signature:Bradford T. Whitmore
Name/Title:Manager
Date:03/16/2026
Signature:Whitmore Holdings, LLC
Name/Title:Manager
Date:03/16/2026
Whitmore Holdings, LLC
Signature:Bradford T. Whitmore
Name/Title:Manager
Date:03/16/2026
Bradford Whitmore Trust
Signature:Bradford T. Whitmore
Name/Title:Trustee
Date:03/16/2026

FAQ

How many Ultralife (ULBI) shares do the Whitmore entities beneficially own after this Schedule 13D amendment?

The Whitmore group reports beneficial ownership of 6,599,957 Ultralife common shares, equal to 39.6% of the class. This percentage is calculated using 16,648,947 shares outstanding as of November 10, 2025, as reported in Ultralife’s Form 10-Q for the quarter ended September 30, 2025.

What transactions triggered this Ultralife (ULBI) Schedule 13D/A Amendment No. 10?

Whitmore Holdings, LLC purchased 187,512 Ultralife common shares in open-market trades from March 12 through March 16, 2026. These buys occurred at numerous prices generally between the mid‑$5 range and slightly above $7 per share, increasing the group’s already substantial ownership stake.

Which entities are included in the Whitmore reporting group for Ultralife (ULBI)?

The reporting group consists of Bradford T. Whitmore, SUNRAY I, LLC, Whitmore Holdings, LLC, and Bradford Whitmore Trust. Whitmore is trustee of the trust and manager of both LLCs, and Whitmore Holdings, LLC is the sole member of SUNRAY I, LLC, creating a layered ownership structure.

Does the Whitmore group state any plans to change control or strategy at Ultralife (ULBI)?

The filers state they have no current plans or proposals regarding the actions listed in Item 4(a)-(j), such as mergers, major asset sales, or changes in control. They may review or reconsider their investment in Ultralife over time but express no present intention to do so.

How is Whitmore Holdings, LLC’s Ultralife (ULBI) stake structured within the group?

Whitmore Holdings, LLC reports 6,394,042 Ultralife shares beneficially owned, equal to 38.4% of the common stock. It directly holds 1,941,759 shares and, as sole member of SUNRAY I, LLC, is attributed SUNRAY I’s 4,452,283 shares, giving it both sole and shared voting and dispositive power.

What is SUNRAY I, LLC’s direct ownership in Ultralife (ULBI) according to this amendment?

SUNRAY I, LLC directly holds 4,452,283 shares of Ultralife common stock, representing 26.7% of the outstanding class. It reports sole voting and sole dispositive power over these shares, while being wholly owned by Whitmore Holdings, LLC, which is in turn owned by the Bradford Whitmore Trust.
Ultralife

NASDAQ:ULBI

View ULBI Stock Overview

ULBI Rankings

ULBI Latest News

ULBI Latest SEC Filings

ULBI Stock Data

116.71M
16.12M
Electrical Equipment & Parts
Miscellaneous Electrical Machinery, Equipment & Supplies
Link
United States
NEWARK