Form 4: Bradford T. Whitmore Increases Stake in Ultralife Corp (ULBI) Through Multiple Transactions
SEC Form 4
Director and 10% owner Bradford T. Whitmore reports acquiring additional shares of Ultralife Corp through multiple transactions, increasing his indirect holdings.
Summary
- Bradford T. Whitmore, a director and 10% owner of Ultralife Corp (ULBI), has reported several transactions involving the company's common stock.
- On May 13, 2025, Whitmore indirectly acquired 8,957 shares at a weighted average price of $5.3983 per share through Whitmore Holdings, LLC.
- On May 14, 2025, he indirectly acquired 16,063 shares at a weighted average price of $5.4715 per share through Whitmore Holdings, LLC.
- On May 15, 2025, he indirectly acquired 2,140 shares at a weighted average price of $5.7169 per share through Whitmore Holdings, LLC.
- Following these transactions, Whitmore's indirect beneficial ownership through Whitmore Holdings, LLC increased to 1,048,087 shares.
- Whitmore also indirectly owns 4,452,283 shares through SUNRAY I, LLC and 518,616 shares through Grace Brothers, LP.
- Whitmore directly owns 205,915 shares.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to insider buying, which often signals confidence in the company's future. However, it's important to consider the context and the size of the purchases relative to the overall holdings.
Positives
- A director's increased investment in the company may signal confidence in its future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company's prospects are optimistic about its future. However, it's important to consider the overall context and not rely solely on insider trading activity when making investment decisions.
Stakeholder Impact
- Shareholders may view the insider buying as a positive signal.
- The increased ownership by a director could potentially influence company strategy and decisions.
Key Dates
| Date | Description |
|---|---|
| 05/13/2025 | Whitmore Holdings, LLC purchased 8,957 shares of ULBI at a weighted average price of $5.3983. |
| 05/14/2025 | Whitmore Holdings, LLC purchased 16,063 shares of ULBI at a weighted average price of $5.4715. |
| 05/15/2025 | Whitmore Holdings, LLC purchased 2,140 shares of ULBI at a weighted average price of $5.7169. |
| 05/15/2025 | Date of Form 4 filing. |
Keywords
Ultralife Corp, ULBI, Bradford Whitmore, insider trading, beneficial ownership, Form 4, stock acquisition
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