Flexsteel director gifts 350 company shares
FLEXSTEEL INDUSTRIES INC director Michael Scott Culbreth reported a bona fide gift of 350 shares of Common Stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
FLEXSTEEL INDUSTRIES INC director Michael Scott Culbreth reported a bona fide gift of 350 shares of Common Stock. The gift carried a stated price of $0.00 per share, reflecting that it was a non-cash transfer. After this disposition, he directly holds 13,339.023 shares of Flexsteel common stock.
Insider Trade Summary
350 shares gifted
Gift
1 txn
Insider
Culbreth Michael Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 350 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 13,339.023 shares (Direct)
Key Figures
Shares gifted: 350 shares
Gift price per share: $0.00 per share
Shares held after transaction: 13,339.023 shares
+2 more
5 metrics
Shares gifted
350 shares
Bona fide gift of Common Stock
Gift price per share
$0.00 per share
Non-cash gift transfer
Shares held after transaction
13,339.023 shares
Direct ownership following gift
Transaction code
G (bona fide gift)
Form 4 non-derivative Common Stock
Transaction date
2026-05-04
Date of gift disposition
Key Terms
bona fide gift, Common Stock, Form 4, transaction code G
4 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.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code G regulatory
"transaction_code: "G""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FLEXSTEEL (FLXS) director Michael Scott Culbreth report?
Director Michael Scott Culbreth reported a bona fide gift of 350 shares of FLEXSTEEL Common Stock. This non-cash transfer was recorded at $0.00 per share and is classified as a gift disposition rather than an open-market sale or purchase.
What are Michael Scott Culbreth’s FLEXSTEEL (FLXS) holdings after the reported gift?
Following the reported gift of 350 shares, Michael Scott Culbreth directly holds 13,339.023 shares of FLEXSTEEL Common Stock. This figure reflects his remaining direct ownership as disclosed in the Form 4 after the non-cash gift transfer.
Was the FLEXSTEEL (FLXS) director’s transaction a market sale or a gift?
The transaction was a bona fide gift, not a market sale. It is identified with transaction code G on the Form 4, labeled as a gift transfer with a price per share of $0.00, indicating no cash proceeds were received.
Does the FLEXSTEEL (FLXS) Form 4 indicate any insider buying or selling activity?
The Form 4 indicates no insider buying or open-market selling. It reports only a single bona fide gift of 350 shares, classified as a dispose-type transaction, which reduces holdings through a non-cash transfer rather than a trade on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
