Amkor (AMKR): Kim family trust adds $9.7M in shares amid transfers
Rhea-AI Filing Summary
Amkor Technology (AMKR) – Form 4 filed 8 Aug 2025 for 1 Aug 2025 transactions
Director/10% owner Susan Y. Kim disclosed several equity movements:
- Gifts/GRAT distributions (Code G): 438,002 and 280,000 shares moved from 2023 Grantor Retained Annuity Trusts to Kim; equal amounts were concurrently distributed to other family members, all at $0.
- Open-market purchase (Code P): Sujoda Investments LP, attributed to Kim, bought 441,589 shares at $21.85.
Post-transaction ownership
- Direct: 4,456,494 shares.
- Indirect: interests in family entities and trusts totaling about 51.7 million shares (19.48 m via Sujochil LP, 16.71 m via Kim Capital Partners, 4.42 m family trusts, 3.79 m Sujoda Investments, plus several GRATs).
No derivative securities were reported. Most changes stem from estate-planning reallocations, but the sizeable market purchase indicates ongoing insider confidence. Kim disclaims beneficial ownership beyond her pecuniary interest.
Positive
- 441,589-share open-market purchase at $21.85 signals insider confidence and injects roughly $9.7 m of personal/family capital into AMKR.
Negative
- None.
Insights
TL;DR: Insider family bought 0.44 m AMKR shares at $21.85; other transfers are bookkeeping—net message skews positive.
The only cash transaction is Sujoda Investments’ $9.7 m purchase (441,589 × $21.85), suggesting conviction at current valuation. Combined direct and indirect holdings exceed 56 m shares, keeping the Kim family a dominant shareholder, which can align interests with minorities but also concentrate control. Gift transactions merely reshuffle trust assets and do not constitute selling pressure. Overall, the filing signals continued accumulation rather than distribution.
TL;DR: Trust-driven reallocations routine; purchase modest versus >50 m-share family stake—governance impact limited.
The GRAT and trust distributions follow typical wealth-transfer strategies and do not change effective control. Kim’s disclaimer highlights complex ownership structure that may obscure exact economic exposure, a transparency consideration for investors. The additional Sujoda purchase marginally tightens insider alignment but does not materially alter voting dynamics. Governance risk profile remains unchanged.