[Form 4] Central Securities Corp. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing: Endeavor Foundation, Inc.—a 10 % owner and director of Central Securities Corp. (CET)—reported a Code G bona-fide gift of 41,200 CET common shares dated 07/31/2025. The nonprofit now holds 9,367,039 shares directly. No derivative instruments were involved and the transaction generated no cash proceeds, so CET’s public float and insider sale pressure remain essentially unchanged. The shares gifted equal about 0.4 % of Endeavor’s stake, suggesting limited market impact.

Insights

Financial Analyst

TL;DR: Small charitable transfer; ownership still large; neutral market impact.

This Form 4 discloses a routine gift by a 10 % holder rather than a sale. At 41,200 shares, the transfer is immaterial relative to Endeavor’s 9.37 M-share position and CET’s 29 M share count. No valuation clues, pricing data or derivative activity are provided, and ownership remains well above the 10 % threshold. As such, the filing carries negligible implications for liquidity, control, or valuation, and I view the disclosure as neutral for investors.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ENDEAVOR FOUNDATION, INC.

(Last) (First) (Middle)

1060 PARK AVE

(Street)

NEW YORK NY 10028

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CENTRAL SECURITIES CORP [ CET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/31/2025		G		41,200	D	(1)	9,367,039	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Bonafide gift.

	/s/Marlene A. Krumholz as Attorney-in-Fact for Endeavor Foundation, Inc.	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What type of insider transaction did Endeavor Foundation report for CET?

A bona-fide gift (Code G) of 41,200 Central Securities common shares.

How many CET shares does Endeavor Foundation own after the transaction?

The foundation now directly holds 9,367,039 CET shares.

Was any cash consideration involved in the reported Form 4 transaction?

No. Code G denotes a gift with no cash proceeds.

Does the filing include any derivative securities activity?

No derivative securities were acquired, disposed of, or owned according to Table II.

Is the transaction likely to affect Central Securities’ stock price?

Given the small size (≈0.4 % of insider’s stake) and gift nature, market impact is expected to be minimal.