EACO CORP (EACO) CEO and 10% owner discloses trust’s 600-share charitable gift
Rhea-AI Filing Summary
EACO CORP CEO and Chairman, who is also a director and 10% owner, reported a charitable transfer of company stock. On December 4, 2025, an indirect holding in a trust disposed of 600 shares of common stock coded as a "G" transaction, which indicates a bona fide gift. The filing explains that the gift was made on November 28, 2025 to a nonprofit charitable foundation under Section 501(c)(3) of the Internal Revenue Code, and that the reporting person disclaims any pecuniary interest in the donated shares. After the transaction, the trust still beneficially owns 4,702,213 shares of EACO CORP common stock indirectly.
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FAQ
What insider transaction did EACO (EACO) disclose in this Form 4?
The filing reports that an indirect trust account related to a key insider of EACO CORP made a bona fide gift of 600 shares of common stock, classified as transaction code "G".
Who is the reporting person in the EACO (EACO) Form 4 and what is their role?
The reporting person is a director, 10% owner, and officer of EACO CORP, serving as CEO and Chairman, with the reported shares held indirectly through a trust.
How many EACO CORP shares were gifted and to whom?
The trust disposed of 600 shares of EACO CORP common stock as a bona fide gift to a nonprofit charitable foundation described under Section 501(c)(3) of the Internal Revenue Code.
What is the insider’s remaining beneficial ownership of EACO (EACO) shares after the gift?
Following the reported gift, the trust beneficially owns 4,702,213 shares of EACO CORP common stock indirectly.
Why is there no price listed for the EACO CORP stock transaction in this Form 4?
No price is listed because the disposition was a bona fide gift, not a sale, so the form states that no price is given for the donated shares.
Does the EACO insider claim an economic interest in the donated EACO shares?
The filing states that the reporting person disclaims any pecuniary interest in the trust accounts' assets and in the donated shares given to the charitable foundation.