INTEST director gifts 3,000 shares to family trust
INTEST CORP director Steven J. Abrams reported a non-market gift transfer of common stock.
Rhea-AI Filing Summary
INTEST CORP director Steven J. Abrams reported a non-market gift transfer of common stock. On July 9, 2026, he transferred 3,000 shares of common stock for no consideration to a family trust of which he and his spouse are co-trustees. Following the transactions, he reports 6,000 shares held directly and 102,000 shares held indirectly through the Steven J. Abrams Revocable Trust, and he remains the beneficial owner of the shares held by the trust.
Positive
- None.
Negative
- None.
Insights
Gifted shares into a family trust with economic exposure unchanged.
Director Steven J. Abrams moved 3,000 shares of INTEST CORP common stock into a family trust as a bona fide gift for no consideration. This is a non-market transfer, not an open-market sale or purchase.
After the transaction, he reports 6,000 shares held directly and 102,000 shares held indirectly via the Steven J. Abrams Revocable Trust. The footnote states he and his spouse are co-trustees and that he remains the beneficial owner of the trust-held shares, so his overall economic stake in the company is effectively unchanged.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 3,000 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Footnotes (1)
- F1. On July 9, 2026, the reporting person transferred 3,000 shares of InTest Corporation common stock to a family trust for no consideration. The reporting person and his spouse are co-trustees of the trust. The reporting person remains the beneficial owner of the shares of common stock held by the trust.
Key Figures
Key Terms
bona fide gift financial
beneficial owner financial
indirect ownership financial
FAQ
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What insider transaction did INTT director Steven J. Abrams report?
What does the bona fide gift code G mean in the INTT Form 4 filing?
How is Steven J. Abrams’ indirect ownership in INTT structured after the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.