Stuart A. Rose Reports 25,400-Share Charitable Gift in REX Form 4
Rhea-AI Filing Summary
Stuart A. Rose, director and Executive Chairman of REX American Resources (REX), reported a charitable gift of 25,400 shares of the company's common stock on 09/03/2025. The Form 4 shows this transaction was coded G(1) and reported as a disposition at $0, consistent with a gift to a nonprofit. The filing lists beneficial ownership following the reported transactions including 1,181,162 shares held indirectly by the Stuart Rose Family Foundation and 117,258 shares held indirectly by the Rose Trust. The Form is signed by Edward M. Kress as attorney-in-fact for Stuart Rose.
Positive
- Charitable transfer disclosed with number of shares (25,400) and transaction code (G(1)) explicitly stated
- Post-transaction beneficial ownership figures for the Foundation (1,181,162 shares) and Rose Trust (117,258 shares) are reported
- Form is signed by an authorized attorney-in-fact, indicating completion of required disclosure
Negative
- None.
Insights
TL;DR: Reported charitable gift reduces direct beneficial stake but maintains significant indirect holdings through family entities.
The Form 4 documents a gift transaction (G(1)) of 25,400 shares to a nonprofit, reported as a $0 disposition. Reporting clarity is adequate: the filer identifies indirect holdings by the Stuart Rose Family Foundation and the Rose Trust, and the form is signed by an attorney-in-fact. From a governance perspective, the disclosure is routine and aligns with standard Section 16 reporting for insider gifts. No regulatory flags or execution-date irregularities are apparent in the filing text provided.
TL;DR: Filing documents a charitable transfer; transaction appears properly coded and executed under Section 16 reporting rules.
The Form 4 records a G(1) coded disposition of 25,400 shares on 09/03/2025 and lists post-transaction beneficial ownership figures for foundation and trust holdings. The signature by an attorney-in-fact is included, which is permissible when appropriately authorized. The filing contains explicit details required for Section 16 reporting and does not state any price or sale proceeds, consistent with a gift. Based on the provided content, this is a routine insider disclosure rather than a material corporate event.
FAQ
What transaction did Stuart A. Rose report on Form 4 for REX?
How many REX shares does the Stuart Rose Family Foundation report owning after the transaction?
Who signed the Form 4 filed for Stuart A. Rose?
What is the relationship of Stuart A. Rose to REX as stated on the form?
Was any purchase price reported for the 25,400 shares gifted?