Rankin trust (HBB) reports bona fide gift of 2,515 Hamilton Beach shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co reported an insider transaction by a Rankin family trust associated with Hamilton Beach Brands stock. The trust made a bona fide gift transfer involving 2,515 shares linked to Class B Common Stock, with an equivalent number of underlying Class A shares.
The position is held through indirect ownership via a proportionate limited partner interest in RA HBB, L.P. After the gift, the trust’s indirect holdings totaled 38,622 shares. As a gift transaction, this reflects a non-market disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,515 shares gifted
Mixed
1 txn
Insider
Trust dated December 21, 2004, between Claiborne R. Rankin, as trustee, & Julia L. Rankin, creating a trust FBO Julia L. Rankin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 2,515 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 38,622 shares (Indirect, Proportionate LP interest of shares held by RA HBB, L.P.)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 2,515 shares
Underlying shares: 2,515 shares
Shares after transaction: 38,622 shares
+1 more
4 metrics
Gifted shares
2,515 shares
Bona fide gift of Class B-linked shares on 2026-05-29
Underlying shares
2,515 shares
Underlying Class A Common Stock associated with the gift
Shares after transaction
38,622 shares
Indirect holdings following the gift transfer
Transaction code
G (bona fide gift)
Indicates non-market gift disposition
Key Terms
bona fide gift, Class B Common Stock, underlying Class A Common Stock, indirect ownership
4 terms
bona fide gift financial
"The transaction is described with transaction code G and the label "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.
Class B Common Stock financial
"The security title for the reported transaction is "Class B Common Stock"."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
underlying Class A Common Stock financial
"The filing notes 2,515 underlying security shares of "Class A Common Stock"."
indirect ownership financial
"Ownership type is listed as indirect with a proportionate LP interest in RA HBB, L.P."
FAQ
What insider transaction did the Rankin trust report for Hamilton Beach Brands (HBB)?
The Rankin family trust reported a bona fide gift transfer of Hamilton Beach Brands shares. The transaction involved Class B Common Stock derivatives and underlying Class A shares, recorded as a non-market disposition rather than a sale or purchase.
What are the Rankin trust’s holdings after the reported HBB gift transaction?
Following the gift transaction, the trust’s indirect holdings totaled 38,622 shares. This figure reflects its proportionate limited partner interest in RA HBB, L.P., which holds Hamilton Beach Brands-related shares on an indirect ownership basis.
Was the Hamilton Beach Brands (HBB) insider transaction a sale or a gift?
The transaction was reported as a bona fide gift, not an open-market sale. It used transaction code G and was characterized as a “gift transfer,” meaning no sale price or purchase decision is involved in this disposition.