100,000 Atlanticus (ATLC) shares gifted by LLC tied to major holder
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlanticus Holdings Corp insider filing shows a charitable stock gift. A limited liability company in which reporting person Frank J. Hanna III has a pecuniary interest donated 100,000 shares of Atlanticus common stock to a public charity as a bona fide gift.
Following the gift, that LLC held 3,798,072 shares indirectly. Hanna also reports 263,432 shares held indirectly through a family trust and 19,960 shares held directly. He disclaims beneficial ownership of the LLC-held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
100,000 shares gifted
Mixed
3 txns
Insider
HANNA FRANK J III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 100,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,798,072 shares (Indirect, By LLC);
Common Stock — 19,960 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. Held by a family trust, the beneficiaries of which are the reporting person and certain members of the reporting person's family.
Key Figures
Gifted shares: 100,000 shares
LLC holdings after gift: 3,798,072 shares
Family trust holdings: 263,432 shares
+2 more
5 metrics
Gifted shares
100,000 shares
Bona fide gift of common stock to a public charity
LLC holdings after gift
3,798,072 shares
Common stock held indirectly by LLC following donation
Family trust holdings
263,432 shares
Common stock held indirectly by family trust
Direct holdings
19,960 shares
Common stock held directly by reporting person
Gift price per share
$0.0000 per share
Reported transaction price for bona fide gift
Key Terms
bona fide gift, pecuniary interest, disclaims beneficial ownership, family trust
4 terms
bona fide gift financial
"donated 100,000 shares of common stock to a public charity as a bona fide gift"
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"
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein"
family trust financial
"Held by a family trust, the beneficiaries of which are the reporting person and certain members of the reporting person's family"
FAQ
What insider activity did Atlanticus Holdings Corp (ATLC) report in this Form 4?
Atlanticus reported that an LLC associated with major holder Frank J. Hanna III made a bona fide gift of 100,000 common shares to a public charity. The filing also updates his direct and indirect share holdings after this charitable transfer.
What are Frank J. Hanna III’s indirect holdings in Atlanticus (ATLC) after the gift?
After the reported gift, an LLC associated with the reporting person held 3,798,072 Atlanticus shares indirectly. A separate family trust, for which he and family members are beneficiaries, held 263,432 additional shares, reflecting his continued significant indirect ownership positions.