Director Hendrickson moves 1,091 Ollie’s (NASDAQ: OLLI) shares into trust
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings director Thomas Hendrickson reported a bona fide gift of 1,091 shares of common stock on June 4, 2026. The shares were transferred for no consideration to the Hendrickson Revocable Trust dated October 27, 2017.
Hendrickson and his spouse are trustees of the trust, and he and his immediate family are its sole beneficiaries. After the transfer, he beneficially owns 8,434 shares indirectly through the trust and no longer holds shares directly, so his overall economic interest in the company remains effectively unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,182 shares gifted
Gift
2 txns
Insider
HENDRICKSON THOMAS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, par value $0.001 per share | 1,091 | $0.00 | $0.00 |
| Gift | Common Stock, par value $0.001 per share | 1,091 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 0 shares (Direct);
Common Stock, par value $0.001 per share — 8,434 shares (Indirect, By Trust)
Footnotes (1)
- F1. On June 4, 2026, the reporting person transferred 1,091 shares of Issuer's common stock to the Hendrickson Revocable Trust dated October 27, 2017, for no consideration. The reporting person and his spouse are trustees of the trust, and the reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.
Key Figures
Shares gifted: 1,091 shares
Indirect holdings after transaction: 8,434 shares
Direct holdings after transaction: 0 shares
3 metrics
Shares gifted
1,091 shares
Bona fide gift on June 4, 2026
Indirect holdings after transaction
8,434 shares
Beneficially owned through Hendrickson Revocable Trust
Direct holdings after transaction
0 shares
Direct ownership position following June 4, 2026 gift
Key Terms
bona fide gift, Revocable Trust, beneficial owner
3 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.
Revocable Trust financial
"Hendrickson Revocable Trust dated October 27, 2017"
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.
beneficial owner financial
"The reporting person remains the beneficial owner of the securities held by the trust"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did OLLI director Thomas Hendrickson report in this Form 4?
Director Thomas Hendrickson reported a bona fide gift of 1,091 shares of Ollie’s Bargain Outlet common stock. The shares were transferred for no consideration to a revocable family trust where he and his immediate family are beneficiaries.
Does this OLLI Form 4 indicate a change in Hendrickson’s economic stake?
The filing indicates Hendrickson remains the beneficial owner of the shares held by the trust. While legal ownership shifted from direct to indirect, his overall economic interest in 8,434 shares is effectively preserved for him and his immediate family.