Ian Dundas (CHRD) reports bona fide gift of 72,171 Chord Energy shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chord Energy Corp director Ian C. Dundas reported a bona fide gift of 72,171 shares of Common Stock. The shares were transferred at a stated price of $0.00 per share, which means this was not an open-market sale.
After the gift, Dundas directly held 1,564 Common shares. He also reported indirect holdings of 50 shares held by his wife and 72,171 shares held by Dundas Holding Company Ltd., a Canadian limited company formed and controlled by him and his wife. Dundas disclaimed beneficial ownership of these indirectly held securities for Section 16 and other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
72,171 shares gifted
Mixed
3 txns
Insider
Dundas Ian C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 72,171 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,564 shares (Direct, null);
Common Stock — 72,171 shares (Indirect, By Dundas Holding Company Ltd)
Footnotes (1)
- Represents shares transferred by the Reporting Person to Dundas Holding Company Ltd. , a Canadian limited company formed and controlled by the reporting person and his wife. The Reporting Person disclaims beneficial ownership of these securities, 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 for any other purpose.
Key Figures
Gifted shares: 72,171 shares
Gift price per share: $0.00 per share
Direct holdings after gift: 1,564 shares
+2 more
5 metrics
Gifted shares
72,171 shares
Bona fide gift of Common Stock
Gift price per share
$0.00 per share
Reported transfer price for gifted shares
Direct holdings after gift
1,564 shares
Total Common Stock directly held after transaction
Indirect holdings via Dundas Holding Company Ltd
72,171 shares
Common Stock held indirectly after transfer
Indirect holdings via wife
50 shares
Common Stock held indirectly by wife
Key Terms
bona fide gift, indirect, beneficial ownership, Section 16, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "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.
indirect financial
""ownership_type": "indirect""
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities"
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.
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16"
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.
Common Stock financial
""security_title": "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 Ian C. Dundas report in this Form 4 for Chord Energy (CHRD)?
Ian C. Dundas reported a bona fide gift of 72,171 shares of Chord Energy Common Stock. The shares were transferred at a stated price of $0.00 per share, indicating a non-market, no-cash transaction rather than a traditional stock sale.
What is Dundas Holding Company Ltd.’s role in Ian Dundas’ Chord Energy holdings?
Dundas Holding Company Ltd. is a Canadian limited company formed and controlled by Ian Dundas and his wife. It is reported as holding 72,171 Chord Energy shares indirectly. Dundas disclaimed beneficial ownership of these securities for Section 16 and any other purpose.