Mitchell Jacobson (MSM) reports 14,972-share bona fide gift via trusts
Rhea-AI Filing Summary
MSC Industrial Direct director and ten percent owner Mitchell Jacobson reported an indirect bona fide gift of 14,972 shares of Class A common stock on April 7, 2026. The gift was reported at a price of $0.00 per share, consistent with non-market transfers.
The gifted shares are held through trusts associated with Jacobson, including Grantor Retained Annuity Trusts and other trusts where he has certain powers. After the gift, one related indirect holding is shown at 2,878,615 shares, with additional lines showing indirect holdings of 2,882,913 shares and direct holdings of 2,328,192 shares. These figures indicate Jacobson continues to have substantial direct and indirect positions while reallocating a relatively small portion via gift.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,972 shares
Net Sell
3 txns
Insider
JACOBSON MITCHELL
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 14,972 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 5,761,528 shares (Indirect, See footnotes);
Class A Common Stock — 2,328,192 shares (Direct)
Footnotes (3)
- F1. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
- F2. Represents shares held by trusts of which the Reporting Person is the settlor and over whose trustees the Reporting Person can exercise remove and replace powers.
- F3. Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the settlor, sole annuitant and trustee, and other trusts over whose portfolio securities the Reporting Person exercises voting or dispositive power.
Key Figures
Gifted shares: 14,972 shares
Gift price per share: $0.00 per share
Indirect holding after gift: 2,878,615 shares
+3 more
6 metrics
Gifted shares
14,972 shares
Bona fide gift of Class A Common Stock on April 7, 2026
Gift price per share
$0.00 per share
Reported transaction price for gifted shares
Indirect holding after gift
2,878,615 shares
Indirect trust-held Class A shares following reported gift
Additional indirect holding
2,882,913 shares
Indirect Class A holdings reported as of April 7, 2026
Direct holding
2,328,192 shares
Direct Class A holdings reported as of April 7, 2026
Gift transactions count
1 transaction
Single bona fide gift recorded in transaction summary
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, Grantor Retained Annuity Trusts, +1 more
5 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 ownership financial
"The Reporting Person disclaims beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of such Reporting Person's pecuniary interest therein"
Grantor Retained Annuity Trusts financial
"Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the settlor"
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
voting or dispositive power financial
"over whose portfolio securities the Reporting Person exercises voting or dispositive power"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MSM director Mitchell Jacobson report?
Mitchell Jacobson reported a bona fide gift of 14,972 shares of MSC Industrial Direct Class A common stock. The shares were transferred indirectly through trusts at a reported price of $0.00 per share, indicating a non-market, no‑consideration transfer.
Does the MSM Form 4 gift reflect an open-market sale or purchase?
No, the Form 4 describes a bona fide gift, not a market trade. The transaction price is reported as $0.00 per share, which is typical for gifts and indicates no cash consideration was exchanged in the transaction.