Everforth (NASDAQ: EFOR) CEO adds 51,965 shares via trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everforth Inc Chief Executive Officer Hanson Theodore S. reported an open-market purchase of common stock through his revocable trust. The trust bought 51,965 shares at a weighted average price of $19.2396 per share, based on trades between $18.64 and $20.19.
After this transaction, Mr. Hanson’s indirect holdings through the trust increased to 376,843 shares of Everforth common stock. His direct holdings are reported at 99,683 shares, reflecting a transfer of 18,654 shares previously held directly into the revocable trust, which are now categorized as indirectly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 51,965 shares ($999,786)
Net Buy
2 txns
Insider
Hanson Theodore S.
Role
Chief Executive Officer
Bought
51,965 shs ($1000K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 51,965 | $19.2396 | $1000K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 376,843 shares (Indirect, by Trust);
Common Stock — 99,683 shares (Direct, null)
Footnotes (1)
- The $19.2396 share price is a weighted average of numerous open market trades made at prices ranging from $18.64 to $20.19. 18,654 shares which were previously reported as directly beneficially owned have been transferred to Mr. Hanson's revocable trust and these shares are now categorized indirectly owned.
Key Figures
Open-market purchase: 51,965 shares
Weighted average price: $19.2396 per share
Price range: $18.64 to $20.19
+3 more
6 metrics
Open-market purchase
51,965 shares
Common Stock bought by revocable trust at weighted average price
Weighted average price
$19.2396 per share
Price for 51,965-share open-market purchase
Price range
$18.64 to $20.19
Range of individual open-market trades included in weighted average
Indirect holdings after transaction
376,843 shares
Everforth common stock held indirectly via revocable trust
Direct holdings after transaction
99,683 shares
Everforth common stock held directly by CEO
Shares reclassified to trust
18,654 shares
Transferred from direct ownership to revocable trust, now indirect
Key Terms
open-market purchase, weighted average, revocable trust, indirectly owned, +1 more
5 terms
open-market purchase financial
"The trust bought 51,965 shares at a weighted average price in an open-market purchase."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average financial
"The $19.2396 share price is a weighted average of numerous open market trades."
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
revocable trust financial
"18,654 shares have been transferred to Mr. Hanson's revocable trust and are now indirectly owned."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirectly owned financial
"These shares are now categorized indirectly owned."
Common Stock financial
"The reported transactions involve Everforth Inc Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Everforth (EFOR) CEO Hanson report in this Form 4 filing?
Everforth CEO Hanson Theodore S. reported an open-market purchase of 51,965 common shares at a weighted average price of $19.2396 per share through his revocable trust, increasing his indirect ownership position in Everforth Inc.
Was the Everforth (EFOR) CEO’s Form 4 transaction an open-market trade?
The Form 4 describes the main transaction as an open-market purchase of 51,965 Everforth common shares at a weighted average price of $19.2396. The filing notes trades occurred in a range from $18.64 to $20.19 per share.