SomniGroup (SGI) CEO reports Form 4 stock gift of 2,750 shares
Rhea-AI Filing Summary
SomniGroup International Inc. executive reports charitable stock gift
The President and CEO of SomniGroup International Inc. (SGI) reported a gift of 2,750 shares of common stock on 12/09/2025, coded as a charitable gift transaction. The shares were transferred to a charitable foundation, and the executive no longer has beneficial ownership of those specific shares.
Following this transaction, the reporting person holds 272,541 SGI common shares directly and 22,400 shares indirectly through a family limited liability company. This filing is a standard disclosure of insider share movements and reflects a personal charitable transfer rather than an open-market trade.
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FAQ
What insider transaction did SomniGroup International (SGI) report?
The President and CEO of SomniGroup International Inc. reported gifting 2,750 shares of SGI common stock to a charitable foundation on 12/09/2025.
How many SomniGroup International (SGI) shares does the executive own after the transaction?
After the gift, the executive beneficially owns 272,541 SGI common shares directly and 22,400 shares indirectly through a family limited liability company.
What does the transaction code G mean in the SGI Form 4?
Transaction code G indicates a gift of securities, which in this case reflects the transfer of 2,750 SGI shares to a charitable foundation.
Does the SomniGroup (SGI) executive still own the gifted shares?
No. The filing states that the reporting person no longer has beneficial ownership of the 2,750 gifted shares because he has no beneficial ownership interest in the charitable foundation.
Was the SomniGroup (SGI) Form 4 filed by one or multiple reporting persons?
The Form 4 was filed by one reporting person, who serves as President and CEO of SomniGroup International Inc.