Major SCVL holder Delores Weaver gifts 166,666 shares to charity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delores B. Weaver, a ten percent owner of SHOE STATION GROUP INC, made a bona fide gift of 166,666 shares of Common Stock to a donor-advised charitable gift fund as part of her estate planning. The filing notes she has no control over or pecuniary interest in the gifted shares. After the gift, she directly holds 4,166,514 shares and there is an additional indirect holding of 4,181,889 shares reported as held by her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
166,666 shares gifted
Mixed
2 txns
Insider
WEAVER DELORES B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 166,666 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,166,514 shares (Direct, null);
Common Stock — 4,181,889 shares (Indirect, by Spouse)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 166,666 shares
Direct holdings after gift: 4,166,514 shares
Indirect spousal holdings: 4,181,889 shares
+1 more
4 metrics
Gifted shares
166,666 shares
Bona fide gift of Common Stock
Direct holdings after gift
4,166,514 shares
Common Stock directly held after transaction
Indirect spousal holdings
4,181,889 shares
Common Stock held indirectly by spouse
Gift share price
$0.0000 per share
No consideration for bona fide gift
Key Terms
bona fide gift, donor-advised charitable gift fund, ten percent 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.
donor-advised charitable gift fund financial
"shares were gifted ... to a donor-advised charitable gift fund"
ten percent owner financial
"reporting person is marked as a ten percent owner"
FAQ
What did Delores B. Weaver report in this Form 4 for SCVL?
Delores B. Weaver reported a bona fide gift of 166,666 shares of Common Stock. The transfer went to a donor-advised charitable gift fund as part of her estate planning, rather than being sold in the market.
Why is Delores B. Weaver considered a ten percent owner of SCVL?
She is listed as a ten percent owner because her reported direct and indirect holdings exceed that threshold. The filing shows 4,166,514 shares held directly and 4,181,889 shares held indirectly through her spouse.