Family trusts move 625,000 SANFILIPPO (JBSS) insider shares
Rhea-AI Filing Summary
SANFILIPPO JOHN B & SON INC director and COO Jasper Brian Sanfilippo Jr. reported a restructuring of family trust holdings involving 625,000 Class A common shares. The filing shows transfers from the Sanfilippo Family GST Trust dated 5/10/17 to four separate family trusts for no consideration.
One receiving vehicle is the Jasper B. Sanfilippo Family Trust dated 5/10/17, where shares are held in trust for his benefit. After these changes, he is shown holding 11,856 Class A shares directly, plus indirect interests including 294,570 shares in the Jasper 2017 Trust, 55,701 shares in a 2006 irrevocable trust, and 32,609 shares in a 1991 trust.
Positive
- None.
Negative
- None.
Insights
Large JBSS insider holding shift reflects family trust restructuring, not market trading.
The filing shows 625,000 Class A shares moved under transaction code J, classified as “other acquisition or disposition.” Footnotes state these are distributions from a family GST trust to multiple family trusts for no consideration, indicating an internal reallocation rather than a sale or purchase.
Jasper Brian Sanfilippo Jr. continues to hold shares both directly and indirectly through several trusts, including 11,856 shares directly and 294,570 shares in the Jasper 2017 Trust. With no open-market trades or cash proceeds disclosed, this appears to be estate or trust planning activity, so the informational value for near-term trading sentiment is limited.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A - Common Stock | 500,000 | $0.00 | -- |
| Other | Class A - Common Stock | 125,000 | $0.00 | -- |
| holding | Class A - Common Stock | -- | -- | -- |
| holding | Class A - Common Stock | -- | -- | -- |
| holding | Class A - Common Stock | -- | -- | -- |
Footnotes (1)
- Transfer represents a distribution from the Sanfilippo Family GST Trust Dtd 5/10/17 to the Jasper B. Sanfilippo Family Trust Dtd 5/10/17 (125,000 shares), John E. Sanfilippo Family Trust Dtd 5/10/17 (125,000 shares), Lisa A. Sanfilippo Family Trust Dtd 5/10/17 (125,000 shares), and Jeffrey T. Sanfilippo Family Trust Dtd 5/10/17 (125,000 shares) for no consideration. The reporting person is a Co-Trustee of the Sanfilippo Family GST Trust. Transfer represents a distribution from the Sanfilippo Family GST Trust Dtd 5/10/17 for no consideration. These shares are held indirectly in the Jasper B. Sanfilippo Family Trust Dtd 5/10/17. The shares reported are held in trust for the benefit of the reporting person. These shares are owned directly by the reporting person. These shares are held indirectly in the Jasper B. Sanfilippo, Jr. Irrevocable Trust Dtd 10/06/06. The shares reported are held in trust for the benefit of the reporting person. These shares are held indirectly in the Jasper B. Sanfilippo Trust Dtd 09/23/91. The shares reported are held in trust for the benefit of the reporting person.