Family trusts tied to Hamilton Beach (HBB) report 6,687-share gift transfers
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co insider reporting person Chloe R. Seelbach reported indirect changes in interests tied to Class B Common Stock, which is linked to underlying Class A shares. Several trusts associated with Rankin Associates HBB, L.P. made bona fide gifts of these interests on May 29, 2026.
The filing shows four gift transactions totaling 6,687 derivative shares of Class B Common Stock, each representing the same number of underlying Class A shares, all at a stated price of $0.00 per share. These are non-market transfers, not open‑market purchases or sales.
Following the transactions, an indirect derivative position representing 2,642 underlying Class A shares remains reported. Footnotes state that the reporting person disclaims beneficial ownership of all such shares, underscoring that these interests are held through family trusts and partnership structures rather than as direct personal holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 2,515 | $0.00 | -- |
| Gift | Class B Common Stock | 1,391 | $0.00 | -- |
| Gift | Class B Common Stock | 1,390 | $0.00 | -- |
| Gift | Class B Common Stock | 1,391 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- N/A Reporting Person disclaims beneficial ownership of all such shares.
Key Figures
Key Terms
Class B Common Stock financial
bona fide gift financial
indirect financial
beneficial ownership financial
derivative position financial
FAQ
What insider activity did HBB report for Chloe R. Seelbach on this Form 4?
The Form 4 reports indirect bona fide gifts of Class B Common Stock interests linked to Hamilton Beach Brands Holding Co. These gifts were made through family trusts associated with Rankin Associates HBB, L.P., rather than open‑market trades by the reporting person.
Were there any open-market buys or sells of HBB stock in this Form 4?
No open‑market buys or sells are reported. All transactions coded “G” are bona fide gifts, meaning they are non‑market transfers with no sale proceeds, executed through trusts and partnership interests, rather than discretionary trades on a stock exchange.
What HBB holdings remain reported after these gift transactions?
After the reported gifts, the filing shows an indirect derivative position tied to 2,642 underlying Class A shares through Class B Common Stock. This remaining interest is reported as indirectly held, not as a direct personal share position.
What do the indirect ownership descriptions mean in this HBB Form 4?
The Form 4 describes interests as proportionate interests in Rankin Associates HBB, L.P. held in trusts for the reporting person, spouse, or children. This indicates the shares are owned through estate and family entities, not directly by the individual filer.