Knight-Swift vice chair gifts 111K shares to trust
Knight-Swift Transportation Holdings Inc. (KNX) reports that Vice Chairman and director Gary J. Knight made a bona fide gift of 111,740 shares of Class A Common Stock on September 2, 2026.
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings Inc. (KNX) reports that Vice Chairman and director Gary J. Knight made a bona fide gift of 111,740 shares of Class A Common Stock on September 2, 2026. The shares were transferred for no consideration to the Kimberley Knight Qualified Irrevocable Trust and are reported as indirect ownership. Following this gift, 2,602,998 shares are held indirectly in trust. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
111,740 shares gifted
Gift
1 txn
Insider
KNIGHT GARY J
Role
Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F1 | 111,740 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 2,602,998 shares (Indirect, Trust)
Footnotes (1)
- F1. Represents a bona fide gift of shares of Common Stock by the Reporting Person to the Kimberley Knight Qualified Irrevocable Trust for no consideration. No trust beneficiary exercises any investment or other control over the trust assets or the trustee.
Key Figures
Shares gifted: 111,740 shares
Price per share for gift: $0.00 per share
Shares held after transaction: 2,602,998 shares
+2 more
5 metrics
Shares gifted
111,740 shares
Bona fide gift of Knight-Swift Class A Common Stock on September 2, 2026
Price per share for gift
$0.00 per share
Transfer described as a bona fide gift for no consideration
Shares held after transaction
2,602,998 shares
Total Knight-Swift Class A shares held indirectly in trust after the gift
Transaction date
September 2, 2026
Date of bona fide gift of Class A Common Stock
Transaction type
Bona fide gift (disposition)
Code G transaction reported as a gift transfer
Key Terms
bona fide gift, indirect, Qualified Irrevocable Trust, Rule 10b5-1
4 terms
bona fide gift regulatory
"Represents a bona fide gift of shares of Common Stock by the Reporting Person"
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.
indirect financial
"The shares were transferred for no consideration ... and are reported as indirect ownership"
Qualified Irrevocable Trust financial
"gift of shares of Common Stock ... to the Kimberley Knight Qualified Irrevocable Trust"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did KNX disclose in this Form 4?
Knight-Swift disclosed that Vice Chairman Gary J. Knight made a bona fide gift of 111,740 shares of Class A Common Stock on September 2, 2026 to the Kimberley Knight Qualified Irrevocable Trust, with no consideration received.
Was the KNX insider gift made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan for this transaction; the document-level 10b5-1 checkbox is not marked as an affirmed plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.