Amkor Trust Transfers 560k Shares to Beneficiaries in Form 4 Gift
Rhea-AI Filing Summary
Form 4 highlight: On 01-Aug-2025 the "2023 Grantor Retained Annuity Trust of Agnes C. Kim" executed two Code G (bona-fide gift) transactions involving Amkor Technology (AMKR) common stock.
- Gifted 280,000 shares to Susan Y. Kim.
- Gifted 280,001 shares to John T. Kim.
No cash consideration was received (price $0). The trust’s direct beneficial ownership fell from 560,001 shares to zero. The filing states that the trust does not concede beneficial ownership of shares now held by other group members.
Because the transfers are intra-family gifts rather than open-market sales, trading supply is unchanged. Still, investors may note that one insider vehicle has fully exited its direct position, marginally reducing reported insider ownership.
Positive
- None.
Negative
- Trust reduced its direct AMKR holdings by 560,001 shares, eliminating its stake
Insights
TL;DR Intra-family gifts; trust exits 560 k-share stake, minimal market impact.
The transactions are classified under Code G, confirming they are non-market gifts at $0. Although 560,001 shares represent roughly 0.23 % of AMKR’s outstanding shares, the lack of sale pressure means limited short-term price effect. The trust’s exit does, however, reduce the aggregate reported insider position, which some investors track for sentiment. Overall impact is neutral.
TL;DR Estate-planning move; ownership shifts but governance control unchanged.
The shares move from a GRAT to beneficiaries while remaining under the Kim family sphere; Susan Y. Kim is both recipient and sole trustee. There is no implication of strategic disagreement or loss of board influence. Disclosure language preserves distance regarding group beneficial ownership, a standard legal safeguard. Governance risk appears unchanged; materiality to outside shareholders is low.