Damon DeSantis (INBP) reports 1,363,685-share gift transfer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTEGRATED BIOPHARMA INC director Damon DeSantis reported bona fide gift transfers involving 1,363,685 shares of Common Stock. The transactions, coded as gifts, were recorded at a price of $0.00 per share and are held indirectly through CDDS 2.0, LLC.
Footnotes state that 1,356,293 shares were transferred from CD Financial, LLC and 7,392 shares from the Carl DeSantis Revocable Trust to CDDS 2.0, LLC, which is controlled by DeSantis. Following these transfers, he indirectly holds 1,363,685 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,363,685 shares gifted
Mixed
2 txns
Insider
DeSantis Damon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,356,293 | $0.00 | -- |
| Gift | Common Stock | 7,392 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,356,293 shares (Indirect, By CDDS 2.0, LLC)
Footnotes (1)
- Represents 1,356,293 shares of Common Stock transferred from CD Financial, LLC, a Florida limited liability company, to CDDS 2.0, LLC, a Florida limited liability company controlled by the Reporting Person. Represents 7,392 shares of Common Stock transferred from the Carl DeSantis Revocable Trust to CDDS 2.0, LLC, a Florida limited liability company controlled by the Reporting Person.
FAQ
What insider transaction did Damon DeSantis report for INBP?
Damon DeSantis reported bona fide gift transfers involving 1,363,685 shares of INTEGRATED BIOPHARMA INC Common Stock. These were non-cash gifts at $0.00 per share, recorded as indirect holdings through CDDS 2.0, LLC that he controls.
Were the INBP insider transactions open-market buys or sells?
No, the INBP insider transactions were not open-market buys or sells. They were coded as “G” for bona fide gifts, with a per-share price of $0.00, reflecting non-cash transfers rather than market purchases or sales of the stock.
What is Damon DeSantis’ indirect INBP ownership after these gifts?
After these reported gift transfers, Damon DeSantis indirectly owns 1,363,685 INTEGRATED BIOPHARMA INC Common Stock shares. This entire position is held through CDDS 2.0, LLC, which the filing describes as a Florida limited liability company he controls.
How are the INBP gift transactions classified in the Form 4 summary?
In the Form 4 summary, the INBP transactions are classified as two gift dispositions. The transactionSummary lists two gifts totaling 1,363,685 shares, with no buys, sells, or derivative exercises, and net buy-sell activity characterized as neutral overall.