Globus Medical (GMED) director reports bona fide gift of 2,500 shares
Rhea-AI Filing Summary
Globus Medical Inc. director David D. Davidar reported a bona fide gift of 2,500 shares of Class A Common Stock on July 27, 2026, at $0.00 per share. After the gift, he directly holds 507,675 shares and has indirect ownership of 165,967 shares held in the Davidar Family Irrevocable Trust U/A 8/6/09 for the benefit of his spouse and children, with his spouse serving as trustee. The filing indicates this transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,500 shares
Net Sell
2 txns
Insider
Davidar David D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 2,500 | $0.00 | $0.00 |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 507,675 shares (Direct);
Class A Common Stock — 165,967 shares (Indirect, By Davidar Family Irrevocable Trust U/A 8/6/09)
Footnotes (1)
- F1. These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust.
Key Figures
Shares gifted: 2,500 shares
Direct holdings after transaction: 507,675 shares
Indirect holdings via trust: 165,967 shares
3 metrics
Shares gifted
2,500 shares
Bona fide gift of Class A Common Stock on July 27, 2026
Direct holdings after transaction
507,675 shares
Class A Common Stock held directly by David D. Davidar after the gift
Indirect holdings via trust
165,967 shares
Class A Common Stock held indirectly through Davidar Family Irrevocable Trust U/A 8/6/09
Key Terms
Bona fide gift, Class A Common Stock, Irrevocable Trust, indirect ownership
4 terms
Bona fide gift financial
"Transaction coded G is described as a bona fide gift of shares"
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.
Class A Common Stock financial
"Security title reported as Class A Common Stock for the transaction"
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.
Irrevocable Trust financial
"Shares held by the Davidar Family Irrevocable Trust U/A 8/6/09"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
indirect ownership financial
"Ownership type noted as indirect through a family trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Globus Medical (GMED) report on July 27, 2026?
Globus Medical reported that director David D. Davidar made a bona fide gift of 2,500 shares of Class A Common Stock on July 27, 2026. The gift was recorded at $0.00 per share, reflecting a non-sale transfer with no proceeds received.
Was the Globus Medical (GMED) stock gift made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked, meaning the 2,500-share gift was not executed under a Rule 10b5-1 trading plan. It is reported as a discretionary bona fide gift by the director.
What type of security was transferred in the Globus Medical (GMED) insider gift?
The transaction involved Class A Common Stock of Globus Medical. Director David D. Davidar transferred 2,500 shares as a bona fide gift on July 27, 2026, with the transaction price reported as $0.00 per share.