Rankin-linked LP gifts 5,561 Hamilton Beach (HBB) Class B derivative shares
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co reported an insider-related gift transaction involving its Class B Common Stock. An entity associated with the Rankin family, holding an indirect proportionate limited partnership interest in shares held by Rankin Associates HBB, L.P., made a bona fide gift transfer of 5,561 Class B shares on May 29, 2026. These derivative securities relate to 5,561 underlying Class A Common shares. The transfer was recorded at a price of $0.00 per share, reflecting that it was a non-cash gift. Following this transaction, the reporting person’s indirect position through the partnership stands at 23,991 shares, indicating that a substantial indirect holding remains after the gift.
Positive
- None.
Negative
- None.
Insights
Filing shows a non-cash, routine gift transfer with remaining holdings.
This Form 4 details a bona fide gift of 5,561 Class B Common Stock derivative securities tied to 5,561 underlying Class A shares in Hamilton Beach Brands Holding Co. The transfer price is reported as $0.00 per share, confirming it as a non-cash gift.
The securities are held indirectly via a proportionate limited partnership interest in Rankin Associates HBB, L.P., so the transaction reflects entity-level estate or portfolio planning rather than open-market activity. After the gift, 23,991 shares remain indirectly held, so a sizable position is retained.
Because the transaction is coded as a bona fide gift and not an open-market sale or purchase, it provides limited insight into views on the company’s valuation. It primarily updates ownership records for this Rankin-related entity, and future filings may further detail any additional transfers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 5,561 | $0.00 | -- |
Footnotes (1)
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