Form 4: ULTRALIFE Director Whitmore Reports Ownership Changes

ULTRALIFE Director Bradford T. Whitmore reports changes in indirect beneficial ownership, including a transfer of shares from Grace Brothers, LP to Whitmore Holdings, LLC.

Summary

• Bradford T. Whitmore, a Director and 10% Owner of ULTRALIFE CORP (ULBI), reported changes in his beneficial ownership.
• The transaction date for these changes is reported as December 31, 2025.
• Whitmore directly owns 205,915 shares of Common Stock.
• Whitmore indirectly owns 1,754,247 shares through Whitmore Holdings, LLC, where he is the manager and trustee of the sole member.
• Whitmore indirectly owns 4,452,283 shares through Sunray I, LLC, where he is the manager.
• Grace Brothers, LP transferred its entire holding of 518,616 shares of Common Stock to Whitmore Holdings, LLC, resulting in Grace Brothers, LP owning 0 shares.
• Whitmore Holdings, LLC is the sole General Partner of Grace Brothers, LP.
• The reported transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of changes in beneficial ownership by an insider, not indicative of positive or negative financial performance or strategic shifts. The sentiment is neutral as it primarily reports a structural change in holdings.

Positives

• Consolidation of 518,616 shares from Grace Brothers, LP into Whitmore Holdings, LLC, both entities indirectly controlled by Bradford T. Whitmore, simplifies the ownership structure.

Future Outlook

The filing indicates a transaction made pursuant to a Rule 10b5-1 plan, which often involves pre-scheduled future transactions, aligning with the reported future transaction date of December 31, 2025.

Industry Context

This Form 4 filing is a routine disclosure of insider ownership changes, common across all publicly traded companies, and does not directly relate to broader industry trends or competitive dynamics. It reflects an internal restructuring of holdings by a significant insider.

Related Party Transactions

• Grace Brothers, LP, whose sole General Partner is Whitmore Holdings, LLC (managed by Bradford T. Whitmore), transferred its entire holding of 518,616 shares of Common Stock to Whitmore Holdings, LLC. This represents an internal restructuring of ownership among entities controlled by the same reporting person.

Stakeholder Impact

• Shareholders: The change primarily affects the indirect ownership structure of a significant insider, Bradford T. Whitmore, consolidating shares under Whitmore Holdings, LLC. This does not alter the total number of shares outstanding or the overall beneficial ownership of Mr. Whitmore, but rather how those shares are held.

Key Dates

Keywords

ULTRALIFE CORP, ULBI, Form 4, Beneficial Ownership, Insider Trading, Director, 10% Owner, Stock Transfer, Corporate Governance, Rule 10b5-1