Atlanticus Holdings (ATLC) insider-linked LLC donates 100K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlanticus Holdings Corp executive David G. Hanna reported a charitable stock gift made by an affiliated LLC. An LLC in which he has a pecuniary interest donated 100,000 shares of Atlanticus common stock to a public charity as a bona fide gift.
After the gift, the LLC held 3,463,072 shares indirectly, a trust associated with Hanna held 325,000 shares indirectly, and he held 284,392 shares directly. The filing notes he disclaims beneficial ownership of the LLC and trust shares beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
100,000 shares gifted
Mixed
3 txns
Insider
HANNA DAVID G
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 100,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,463,072 shares (Indirect, By LLC);
Common Stock — 284,392 shares (Direct, null)
Footnotes (1)
- An LLC in which the reporting person has a pecuniary interest donated 100,000 shares of common stock to a public charity. The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
Key Figures
Gifted shares: 100,000 shares
Gift price: $0.00 per share
LLC holdings after gift: 3,463,072 shares
+2 more
5 metrics
Gifted shares
100,000 shares
Bona fide gift of common stock by LLC
Gift price
$0.00 per share
Reported transaction price for gifted shares
LLC holdings after gift
3,463,072 shares
Indirect ownership via LLC following transaction
Trust holdings
325,000 shares
Indirect ownership by trust as of transaction date
Direct holdings
284,392 shares
Direct ownership by David G. Hanna after transaction
Key Terms
bona fide gift, pecuniary interest, beneficial ownership, public charity, +1 more
5 terms
bona fide gift financial
"donated 100,000 shares of common stock to a public charity."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
pecuniary interest financial
"An LLC in which the reporting person has a pecuniary interest donated 100,000 shares"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
public charity financial
"donated 100,000 shares of common stock to a public charity."
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 or any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did Atlanticus (ATLC) disclose for David G. Hanna?
Atlanticus reported that an LLC in which Executive Chairman David G. Hanna has a pecuniary interest made a bona fide gift of 100,000 common shares to a public charity. The Form 4 characterizes this as a charitable transfer, not a market sale.