Trusts tied to Rankin (HBB) report 17,273-share bona fide gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co investor Matthew M. Rankin reported indirect transfers of Class B Common Stock tied to Class A shares. Entities associated with him made four bona fide gifts totaling 17,273 Class B units on May 29, 2026, with no cash consideration reported. The gifts were made through limited partnership interests in RA HBB, L.P. held by trusts for his spouse and children, and Rankin disclaims beneficial ownership of these shares. After these gifts, an indirect position representing 4,115 underlying Class A shares remains reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,273 shares gifted
Mixed
5 txns
Insider
RANKIN MATTHEW M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 590 | $0.00 | -- |
| Gift | Class B Common Stock | 5,561 | $0.00 | -- |
| Gift | Class B Common Stock | 5,561 | $0.00 | -- |
| Gift | Class B Common Stock | 5,561 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 8,654 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by a Trust fbo Reporting Person)
Footnotes (1)
- N/A Reporting Person disclaims beneficial ownership of all such shares.
Key Figures
Gifted Class B units: 17,273 shares
Remaining underlying Class A shares: 4,115 shares
Individual gift size (example): 5,561 shares
+2 more
5 metrics
Gifted Class B units
17,273 shares
Total bona fide gifts on May 29, 2026
Remaining underlying Class A shares
4,115 shares
Indirect derivative position after reported gifts
Individual gift size (example)
5,561 shares
Each of three G-code gifts of Class B units
Additional smaller gift
590 shares
One G-code gift of Class B units via trust
Gift transactions count
4 gifts
Transactions coded G as bona fide gifts
Key Terms
bona fide gift, Class B Common Stock, indirect ownership, beneficial ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for several Class B entries"
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 is listed as "Class B Common Stock" for all transactions"
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 and ownership_code are "indirect" / "I" for all entries"
beneficial ownership financial
"footnote states "Reporting Person disclaims beneficial ownership of all such shares.""
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
limited partnership interest financial
"nature_of_ownership refers to "Proportionate LP interest of RA HBB, L.P.""
FAQ
What did Matthew M. Rankin report on his HBB Form 4?
Matthew M. Rankin reported indirect transfers of Hamilton Beach Brands Class B Common Stock as bona fide gifts. Trust-related entities associated with him gifted 17,273 Class B units linked to underlying Class A shares on May 29, 2026, with no sale proceeds reported.
Were the Hamilton Beach Brands HBB transactions open-market buys or sells?
The reported HBB transactions were not open-market trades; they were coded as G for bona fide gifts. No transactions were marked as purchases or sales, and the price per share is listed as 0.0000 for each gift disposition.
What Hamilton Beach Brands position remains reported after the gifts?
After the reported gifts, the derivative holdings section shows an indirect position referencing 4,115 underlying Class A shares. This remaining exposure comes from Class B Common Stock interests held through RA HBB, L.P., as disclosed in the derivative summary.