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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common stock | 600 | $0.00 | -- |
Footnotes (1)
- Bona fide gift made to nonprofit charitable foundation under Section 501(c)(3) of the Internal Revenue Code on November 28, 2025. The reporting person disclaims any pecuniary interest in the accounts' assets or the donated shares. No price is given due to the fact that the disposition of shares represents a bona fide gift.
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.
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.