Trust linked to Hamilton Beach (NYSE: HBB) gifts 1,390 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co reported that the Anne Farnham Rankin Trust 8/15/2012, as an indirect owner, made a bona fide gift transfer of 1,390 shares of Class B Common Stock on May 29, 2026.
The transaction was a non-cash gift, not an open-market sale or purchase, and was effected through a proportionate limited partner interest in shares held by Rankin Associates HBB, L.P. After the transfer, the trust’s indirect holdings totaled 10,264 shares of Class B Common Stock, with a corresponding underlying 1,390 shares of Class A Common Stock linked to this derivative-type entry.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,390 shares gifted
Mixed
1 txn
Insider
Anne Farnham Rankin Trust 8/15/2012
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 1,390 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 10,264 shares (Indirect, Proportionate LP interest of shares held by Rankin Associates HBB, L.P.)
Footnotes (1)
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Key Figures
Shares gifted: 1,390 shares
Shares held after transaction: 10,264 shares
Transaction price per share: $0.00 per share
+1 more
4 metrics
Shares gifted
1,390 shares
Bona fide gift of Class B Common Stock on May 29, 2026
Shares held after transaction
10,264 shares
Indirect Class B Common Stock holdings following the gift
Transaction price per share
$0.00 per share
Non-cash bona fide gift, no sale proceeds
Underlying security shares
1,390 shares
Underlying Class A Common Stock linked to the derivative entry
Key Terms
bona fide gift, Class B Common Stock, Class A Common Stock, indirect ownership, +1 more
5 terms
bona fide gift financial
"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.
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
indirect ownership financial
"ownership_type: "indirect"; nature_of_ownership describes LP interest"
proportionate LP interest financial
"nature_of_ownership: "Proportionate LP interest of shares held by Rankin Associates HBB, L.P.""
FAQ
What are the Anne Farnham Rankin Trust’s HBB holdings after this reported gift?
Following the gift, the trust’s indirect holdings total 10,264 shares of Hamilton Beach Brands Class B Common Stock. These shares are held through a proportionate limited partner interest in Rankin Associates HBB, L.P., as disclosed in the ownership description.
Was the HBB Form 4 transaction an open-market sale or a purchase?
No, the Form 4 transaction was not an open-market sale or purchase. It is coded as a bona fide gift (transaction code G), meaning the 1,390 Class B shares were transferred without a sale price or cash consideration per share.
How is the Anne Farnham Rankin Trust’s ownership in HBB characterized?
The filing characterizes the trust’s ownership as indirect, through a proportionate limited partner interest in Rankin Associates HBB, L.P. This indicates the trust’s exposure to Hamilton Beach Brands shares comes via that partnership structure rather than direct share ownership.