INTEST CORP (INTT) director gifts 3,000 shares to family trust, keeps ownership
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTEST CORP director Steven J. Abrams reported a gift transfer of 3,000 shares of common stock. On June 29, 2026, he transferred these shares to a family trust for no consideration, characterized as a bona fide gift. After the transaction, he directly holds 9,000 shares and indirectly holds 99,000 shares through the Steven J. Abrams Revocable Trust. The filing states he and his spouse are co-trustees of the family trust and that he remains the beneficial owner of the shares held by that trust, so this is not an open-market sale and does not change his overall economic exposure to INTEST CORP.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,000 shares gifted
Mixed
2 txns
Insider
ABRAMS STEVEN J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,000 shares (Direct, null);
Common Stock — 99,000 shares (Indirect, By Steven J. Abrams Revocable Trust)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 3,000 shares
Direct holdings after transaction: 9,000 shares
Indirect holdings via revocable trust: 99,000 shares
+1 more
4 metrics
Gifted shares
3,000 shares
Bona fide gift on June 29, 2026
Direct holdings after transaction
9,000 shares
Common stock held directly after June 29, 2026
Indirect holdings via revocable trust
99,000 shares
Common stock held indirectly through revocable trust
Gift price per share
$0.0000 per share
No consideration for 3,000-share gift
Key Terms
bona fide gift, beneficial owner, revocable trust, family trust
4 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.
beneficial owner financial
"The reporting person remains the beneficial owner of the shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
revocable trust financial
"nature_of_ownership": "By Steven J. Abrams Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
family trust financial
"transferred 3,000 shares ... to a family trust for no consideration"
FAQ
What insider transaction did INTT director Steven J. Abrams report?
Steven J. Abrams reported a bona fide gift transfer of 3,000 shares of INTEST CORP common stock on June 29, 2026. The transfer was to a family trust for no consideration, meaning it was not a market sale and involved no purchase price.