Family trust tied to Hamilton Beach (NYSE: HBB) gifts 1,976 Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co reported an insider Form 4 showing a routine gift transfer. The Claiborne Rankin Trust for children of Claiborne Rankin Jr fbo Claiborne Read Rankin III made a bona fide gift of 1,976 shares of Class B Common Stock indirectly held through a proportionate limited partnership interest in Rankin Associates HBB, L.P. After the gift, this indirect position shows 7,846 Class B shares remaining.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,976 shares gifted
Mixed
1 txn
Insider
Claiborne Rankin Trust for children of Claiborne Rankin Jr fbo Claiborne Read Rankin III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 1,976 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 7,846 shares (Indirect, Proportionate LP interest of shares held by Rankin Associates HBB, L.P.)
Footnotes (1)
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Key Figures
Gifted shares: 1,976 shares
Shares remaining after transaction: 7,846 shares
Transaction price per share: $0.0000 per share
+1 more
4 metrics
Gifted shares
1,976 shares
Bona fide gift of Class B Common Stock on 2026-05-29
Shares remaining after transaction
7,846 shares
Indirect Class B Common Stock holdings following gift
Transaction price per share
$0.0000 per share
No consideration for gifted Class B shares
Gift transactions count
1 gift
Single bona fide gift transaction reported in Form 4
Key Terms
bona fide gift, Class B Common Stock, indirect ownership, Proportionate LP interest
4 terms
bona fide gift financial
"transaction_action: "gift transfer" and 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""
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" and ownership_code: "I""
Proportionate LP interest financial
"nature_of_ownership: "Proportionate LP interest of shares held by Rankin Associates HBB, L.P.""
FAQ
What insider transaction did Hamilton Beach (HBB) report on this Form 4?
Hamilton Beach reported a Form 4 for a bona fide gift of 1,976 shares of Class B Common Stock. The transfer was made by a Claiborne Rankin family trust and reflects an indirect ownership change, not an open-market trade.
Who is the reporting person on the Hamilton Beach (HBB) Form 4?
The reporting person is the Claiborne Rankin Trust for children of Claiborne Rankin Jr fbo Claiborne Read Rankin III. The trust is associated with shares held through a limited partnership interest in Rankin Associates HBB, L.P.
What are the holdings after the reported gift in Hamilton Beach (HBB)?
Following the bona fide gift, the indirect holdings reported for the trust total 7,846 shares of Class B Common Stock. This figure reflects the remaining position tied to the limited partnership interest after the 1,976-share transfer.
Was the Hamilton Beach (HBB) Form 4 transaction a market sale or purchase?
No, the Form 4 describes a bona fide gift, coded “G,” rather than a market sale or purchase. The transaction carries no stated price per share, reflecting that it was a non-market, no-consideration transfer.