Hamilton Beach (NYSE: HBB) insider reports bona fide gift of 1,390 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co investor Rankin A Farnham, as part of a group, reported an indirect bona fide gift involving derivative holdings linked to 1,390 shares of Class A Common Stock. After the gift, entities associated with him indirectly hold 46,239 units of Class B Common Stock. This was a non-cash, no‑price transfer classified as a gift rather than a market sale or purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,390 shares gifted
Mixed
1 txn
Insider
Rankin A Farnham
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 1,390 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 46,239 shares (Indirect, Proportionate interest of Rankin Associates HBB, L.P. held by trusts fbo the Reporting Person)
Footnotes (1)
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Key Figures
Gifted underlying shares: 1,390 shares
Price per share: $0.0000
Indirect holdings after transaction: 46,239 units
+1 more
4 metrics
Gifted underlying shares
1,390 shares
Underlying Class A Common Stock in bona fide gift
Price per share
$0.0000
Reported transaction price for the gift
Indirect holdings after transaction
46,239 units
Class B Common Stock held indirectly after gift
Gift transactions
1 transaction
Bona fide gift coded G on Form 4
Key Terms
bona fide gift, Class B Common Stock, indirect ownership, underlying security
4 terms
bona fide gift financial
"transaction_action: gift transfer; transaction_code_description: 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
"security_title: Class B Common Stock reported as derivative security"
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.
indirect ownership financial
"ownership_type: indirect; nature_of_ownership describes proportionate interest via Rankin Associates HBB, L.P."
underlying security financial
"underlying_security_title: Class A Common Stock; underlying_security_shares: 1390.0000"
FAQ
What did Rankin A Farnham report in this Hamilton Beach (HBB) Form 4?
Rankin A Farnham reported an indirect bona fide gift transfer involving derivative holdings tied to 1,390 shares of Class A Common Stock. The transaction was coded as a gift, not a market sale or purchase, and carried a reported price of $0.0000 per share.
Was this Hamilton Beach (HBB) Form 4 a market sale or purchase?
No, the transaction was not a market trade. It is coded as a bona fide gift with a transaction price of $0.0000 per share, meaning no cash changed hands. The filing describes it as a non-cash gift transfer rather than a sale or purchase in the market.
How is Rankin A Farnham’s ownership in Hamilton Beach (HBB) characterized?
His interest is reported as indirect, described as a proportionate interest in Rankin Associates HBB, L.P. held by trusts for his benefit. The Form 4 classifies the ownership type as indirect and the security as Class B Common Stock with underlying Class A shares.
Does this Hamilton Beach (HBB) Form 4 indicate large insider selling?
No, it reflects a bona fide gift of 1,390 underlying Class A shares rather than a sale. The reporting person’s associated entities still hold 46,239 units of Class B Common Stock afterward, suggesting a continuing significant indirect position in the company’s equity.