Hamilton Beach (HBB) insider-linked trusts report 6,687-share Class B stock gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co insider filing shows indirect family gifts of Class B shares. Trusts and partnership interests associated with Scott W. Seelbach reported four bona fide gifts totaling 6,687 shares of Class B Common Stock on May 29, 2026, each corresponding to the same number of underlying Class A shares at a stated price of $0.00 per share. These transfers involve proportionate interests in Rankin Associates HBB, L.P. held in trusts for the benefit of the reporting person, the reporting person’s spouse, and their children, and are classified as non‑market gifts rather than open‑market sales or purchases. The filing notes that the reporting person disclaims beneficial ownership of all such shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,687 shares gifted
Mixed
5 txns
Insider
SEELBACH SCOTT W
Role
null
| 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 | 1,391 | $0.00 | -- |
| Gift | Class B Common Stock | 1,390 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 31,622 shares (Indirect, Proportionate interest of Rankin Assoc HBB, L.P. held in Trust fbo Reporting Person?s Spouse)
Footnotes (1)
- N/A Reporting Person disclaims beneficial ownership of all such shares.
Key Figures
Gifted shares: 6,687 shares
Gift transactions: 4 gifts
Gift price: $0.00 per share
+3 more
6 metrics
Gifted shares
6,687 shares
Total Class B Common Stock gifted on May 29, 2026
Gift transactions
4 gifts
Number of bona fide gift entries coded G in Form 4
Gift price
$0.00 per share
Reported transaction price for all gifted Class B shares
Underlying Class A per holding
2,642 shares
Underlying Class A shares for one indirect Class B position
Dispose count
4 transactions
Transaction summary disposeCount for gift transfers
Holding entries
1 entry
Transaction summary holdingEntries indicating one position line
Key Terms
Class B Common Stock, bona fide gift, beneficial ownership, indirect ownership, +1 more
5 terms
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.
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.
beneficial ownership regulatory
"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.
indirect ownership regulatory
"ownership_type: "indirect" and ownership_code: "I""
Rankin Associates HBB, L.P. financial
"Proportionate interest of Rankin Associates HBB, L.P. held by a Trust"
FAQ
What did the Hamilton Beach (HBB) Form 4 filing report for Scott W. Seelbach?
The Form 4 reports indirect family-related transactions where trusts and partnership interests associated with Scott W. Seelbach made bona fide gifts of Hamilton Beach Class B Common Stock, rather than open-market trades, on May 29, 2026, as part of estate or family planning activity.
Were the Hamilton Beach (HBB) Form 4 transactions open-market sales or purchases?
No. All reportable movements are coded as “G” bona fide gifts, meaning they are non-market transfers with no cash consideration. The transaction summary confirms zero buy or sell shares, indicating no open-market purchases or sales occurred in this filing.
What is the significance of the Class B Common Stock in the Hamilton Beach (HBB) Form 4?
All reported positions and gifts involve Class B Common Stock, each tied to underlying Class A Common Stock. One entry shows an indirect position linked to 2,642 underlying Class A shares, highlighting how these partnership interests convert economically into the primary common equity class.