1-800-FLOWERS.COM (FLWS) director reports tax-related share disposition
Rhea-AI Filing Summary
1-800-FLOWERS.COM director and 10% owner Christopher G. McCann reported a small share disposition tied to tax withholding. On 12/11/2025, 5,024 shares of Class A common stock were withheld at $4.39 per share when restricted shares vested, a transaction classified as a deemed disposition exempt under Section 16(b) of the Exchange Act. After this, he beneficially owned 610,963 Class A shares directly, along with additional indirect holdings through a grantor retained annuity trust and as custodian for his son.
Positive
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FAQ
What insider transaction did FLWS disclose in this filing?
The filing reports that Christopher G. McCann, a director and 10% owner of 1-800-FLOWERS.COM (FLWS), had 5,024 Class A common shares withheld on 12/11/2025 for tax purposes upon vesting of restricted shares.
How many FLWS shares were withheld for taxes in this transaction?
The company withheld 5,024 shares of Class A common stock for tax purposes when McCann’s restricted shares vested, as explained in the transaction footnote.
What price was applied to the withheld FLWS shares?
The 5,024 withheld shares of Class A common stock were valued at $4.39 per share in the reported transaction.
How many 1-800-FLOWERS.COM shares does Christopher G. McCann own after the transaction?
Following the transaction, McCann beneficially owned 610,963 Class A shares directly, plus several indirect positions, including blocks of 100,000, 35,779, 6,604, 126,936, and 110 shares.
What is Christopher G. McCann’s relationship to 1-800-FLOWERS.COM (FLWS)?
Christopher G. McCann is reported as both a Director and a 10% Owner of 1-800-FLOWERS.COM (FLWS).
Why is the FLWS insider transaction described as a deemed disposition exempt under Section 16(b)?
The explanation states that the transaction is a deemed disposition exempt under Section 16(b) because it consists of shares of common stock withheld by the company for tax purposes upon vesting of restricted shares.
How are some of Christopher G. McCann’s FLWS shares held indirectly?
Some shares are held by a Grantor Retained Annuity Trust of which McCann is trustee, and others are held by him as custodian for his son, both reported as indirect beneficial ownership.