GRBK director trust gifts 300 shares
Green Brick Partners, Inc. director Richard S. Press filed an amended insider report to add a previously omitted transaction.
Rhea-AI Filing Summary
Green Brick Partners, Inc. director Richard S. Press filed an amended insider report to add a previously omitted transaction. A trust associated with him, identified as PFT III, made a bona fide gift transfer of 300 shares of common stock on May 6, 2024 to his adult child, leaving no shares reported as held by that trust after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
300 shares gifted
Gift
1 txn
Insider
Press Richard S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 300 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Trust (PFT III))
Footnotes (1)
- F1. This amendment to the Form 4 filed on May 8, 2024 (the "Original Form 4") is being filed to report a transaction that was inadvertently not reported on the Original Form 4. The Original Form 4 reported an open-market purchase of 300 shares of Common Stock but, due to administrative error, did not report that those share were immediately gifted by the Trust to an adult child of the reporting person. All other information in the Original Form 4 was accurate.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Green Brick Partners (GRBK) disclose in this Form 4/A?
The filing discloses a bona fide gift transfer of 300 shares of Green Brick Partners common stock. A trust associated with director Richard S. Press gifted these shares on May 6, 2024 to his adult child, and no shares remained reported for that trust afterward.
Who is the reporting person in the GRBK Form 4/A amendment?
The reporting person is Richard S. Press, a director of Green Brick Partners, Inc. The transaction involves shares held indirectly through a trust (PFT III), rather than shares held directly in his own name, reflecting the trust’s gift to his adult child.
Why was this Green Brick Partners Form 4/A filed as an amendment?
The amendment corrects an earlier Form 4 filed May 8, 2024 that reported only an open-market purchase of 300 shares. Due to administrative error, it did not originally report that the trust immediately gifted those 300 shares to an adult child of the reporting person.
What transaction code is used in this GRBK Form 4/A and what does it mean?
The transaction uses code "G", which indicates a bona fide gift. In this case, 300 shares of Green Brick Partners common stock held by the trust were gifted to an adult child of director Richard S. Press, with no purchase or sale price involved.
AI-generated analysis. How Rhea-AI works. Not financial advice.