STOCK TITAN

Lawrence J. Schorr (DKS) gifts 2,000 NYSE-listed shares to foundation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Lawrence J. Schorr submitted a Form 144 reporting the gift of 2,000 shares of Class A Common Stock to a foundation for which he serves as trustee, with the gift dated 12/01/2023. The record also references 03/09/2016 in connection with the securities and lists the NYSE as the trading market.

Positive

  • None.

Negative

  • None.

Insights

Form 144 records a trustee gift of shares; no cash proceeds are shown.

Form 144 is a notice of proposed sale or distribution by an affiliate; this excerpt specifically states the securities were gifted to a foundation where the filer is trustee. The filing does not state any cash consideration.

Timing and transaction mechanics are minimal in the excerpt; subsequent filings or transfer records would show whether a publicly reportable sale followed the gift.

Shares gifted 2,000 shares Gift dated <date>12/01/2023</date>
Referenced prior date 03/09/2016 Date appearing alongside the 2,000-share entry
Exchange listed NYSE Trading market for Class A Common Stock
Form type Form 144 Notice of proposed sale or distribution
Form 144 regulatory
"Class A Common Stock ... 06/01/2026 | NYSE 144: Securities To Be Sold"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Gift financial
"Shares gifted to Foundation for which Filer serves as Trustee"
Trustee other
"Shares gifted to Foundation for which Filer serves as Trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
Class A Common Stock financial
"Class A Common Stock, par value of $.01 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does Lawrence J. Schorr's Form 144 for DKS report?

The filing reports a gift of 2,000 shares of Class A Common Stock. It states the shares were gifted to a foundation for which the filer serves as trustee and gives the gift date as 12/01/2023.

Did the Form 144 indicate any sale proceeds for DKS shares?

No cash proceeds are shown in the excerpt; the transaction is recorded as a gift. The entry explicitly lists the disposition type as "None - Gift," indicating no sale proceeds are reported here.

When were the shares originally associated with the filer acquired?

The excerpt references the date 03/09/2016 alongside the 2,000 shares. That date appears in the filing text near the share count, suggesting it relates to the filer’s prior acquisition or grant date.

Which market is listed for the Class A Common Stock in this filing?

The filing lists the NYSE as the trading market. The securities line includes "NYSE," indicating the class of common stock trades on that exchange as presented in the excerpt.

Does this Form 144 alone change DKS outstanding share counts or dilution?

No such changes are contained in the excerpt; it only documents a distribution event. The filing records a gift of existing shares and does not state any registration, new issuance, or modification of outstanding shares.