PriceSmart (PSMT) insider entity sells 20,000 shares, retains large trust stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PriceSmart Inc director and 10% owner Robert E. Price, through an entity he co-manages, The Price Group LLC, reported open-market sales of 20,000 shares of Common Stock in two transactions at prices of $159.5956 and $161.7928 per share. After these sales, The Price Group LLC still holds 130,511 shares indirectly for him. The filing also lists substantial additional indirect holdings through various family and charitable trusts, including 1,134,667 shares held in the Robert and Allison Price Trust and 350,475 shares in a related charitable trust, as well as smaller positions through family trusts, an LLC, and 80 shares held directly. The reporting person and his wife disclaim beneficial ownership of certain trust-held shares except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares ($3,213,884)
Net Sell
7 txns
Insider
PRICE ROBERT E
Role
null
Sold
20,000 shs ($3.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $161.7928 | $1.62M |
| Sale | Common Stock | 10,000 | $159.5956 | $1.60M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 130,511 shares (Indirect, As co-manager of The Price Group LLC);
Common Stock — 80 shares (Direct, null)
Footnotes (1)
- The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The reporting person and his wife Allison Price are co-trustees of this trust. The reporting person and his wife each disclaim beneficial ownership of the securities held by this trust except to the extent of their respective pecuniary interest therein. The reporting person and his wife Allison Price are co-trustees of this trust.
Key Figures
Shares sold 04/22: 10,000 shares at $159.5956
Shares sold 04/23: 10,000 shares at $161.7928
Post-sale LLC holdings: 130,511 shares
+5 more
8 metrics
Shares sold 04/22
10,000 shares at $159.5956
Open-market sale of Common Stock, indirect via The Price Group LLC
Shares sold 04/23
10,000 shares at $161.7928
Open-market sale of Common Stock, indirect via The Price Group LLC
Post-sale LLC holdings
130,511 shares
Common Stock held indirectly through The Price Group LLC after transactions
Robert and Allison Price Trust
1,134,667 shares
Common Stock held indirectly as co-trustee of the trust
Charitable Trust holdings
350,475 shares
Common Stock held indirectly as co-trustee of charitable trust
Family trusts holdings
43,000 shares
Common Stock held indirectly through family trusts
RARSD LLC holdings
8,314 shares
Common Stock held indirectly as managing member of RARSD LLC
Direct holdings
80 shares
Common Stock held directly by Robert E. Price
Key Terms
open-market sale, indirect ownership, beneficial ownership, pecuniary interest, +2 more
6 terms
open-market sale financial
"reported as an open-market sale of Common Stock by The Price Group LLC"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"the shares are reported as indirect ownership through The Price Group LLC"
beneficial ownership financial
"the reporting person disclaims beneficial ownership of these securities"
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 his pecuniary interest therein"
co-trustee financial
"the reporting person and his wife Allison Price are co-trustees of this trust"
non-derivative financial
"transactions involve non-derivative Common Stock rather than options or warrants"
FAQ
What insider transaction did Robert E. Price report for PriceSmart (PSMT)?
Robert E. Price reported that an entity he co-manages, The Price Group LLC, sold 20,000 PriceSmart common shares in open-market transactions. These were reported on Form 4 as sales of non-derivative Common Stock attributable to his indirect ownership through that LLC.
What other indirect PriceSmart (PSMT) holdings are reported for Robert E. Price?
Beyond The Price Group LLC, the Form 4 lists 1,134,667 shares in the Robert and Allison Price Trust, 350,475 shares in a related charitable trust, 43,000 shares in family trusts, and 8,314 shares via RARSD LLC, plus 80 shares held directly in his own name.
What does the beneficial ownership disclaimer mean in the PriceSmart (PSMT) filing?
The filing explains that Robert E. Price and his wife disclaim beneficial ownership of certain securities held by trusts, except to the extent of their pecuniary interest. This means they do not claim full economic ownership of those trust-held shares beyond their actual financial stake.
Were any derivative securities or option exercises reported for PriceSmart (PSMT)?
No derivative securities or option exercises appear in this Form 4. The derivativeSummary is empty, and all reported entries involve non-derivative Common Stock holdings and open-market sales, rather than options, warrants, or other derivative instruments.