Syntec Optics CEO gifts 1M Class A shares
The chairman and CEO transferred 1,000,000 OPTX Class A shares as a bona fide gift to irrevocable trusts, leaving no directly held shares reported after the transaction.
Rhea-AI Filing Summary
SYNTEC OPTICS HOLDINGS, INC. (OPTX) reported that Chairman and CEO Alok Kapoor made a bona fide gift transfer of 1,000,000 shares of Class A Common Stock on September 18, 2026. The shares were gifted to irrevocable trusts for which he does not exercise or share voting or investment control, and his direct holdings in this security after the transaction are reported as 0 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000,000 shares gifted
Gift
1 txn
Insider
Kapoor Alok
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F1 | 1,000,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. This transaction involved the Reporting Person's gift of shares of Syntec Optics Holdings, Inc. Class A Common Stock to irrevocable trusts for which he does not exercise or share voting or investment control. The Reporting Person disclaims beneficial ownership of the securities held by the trust, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner for the purposes of Section 16 or for any other purpose.
Key Figures
Shares gifted: 1,000,000 shares
Price per share reported: $0.00 per share
Direct holdings after transaction: 0 shares
+2 more
5 metrics
Shares gifted
1,000,000 shares
Bona fide gift of Class A Common Stock on September 18, 2026
Price per share reported
$0.00 per share
Gift transaction of 1,000,000 Class A Common Stock shares
Direct holdings after transaction
0 shares
Direct ownership of Class A Common Stock reported following the gift
Gift transactions count
1 transaction
Single bona fide gift reported in this Form 4
Total shares gifted in filing
1,000,000 shares
Aggregate gift shares reported in transaction summary
Key Terms
bona fide gift, irrevocable trusts, beneficial ownership, voting or investment control, +1 more
5 terms
bona fide gift regulatory
"The transaction code is described as a 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.
irrevocable trusts financial
"Shares were gifted to irrevocable trusts for which he does not control voting."
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of the securities held by the trust."
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.
voting or investment control financial
"He does not exercise or share voting or investment control over the trusts."
Section 16 regulatory
"Not deemed an admission of beneficial ownership for the purposes of Section 16."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did OPTX report for Alok Kapoor?
The company reported that Alok Kapoor made a bona fide gift of 1,000,000 shares of Syntec Optics Holdings, Inc. Class A Common Stock on September 18, 2026, transferring them to certain irrevocable trusts.
What are Alok Kapoor’s reported direct OPTX holdings after this transaction?
After the reported gift transaction, Alok Kapoor’s direct holdings of Syntec Optics Holdings, Inc. Class A Common Stock are reported as 0 shares following the transaction.
Was the OPTX insider gift made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that the gift was made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
