Sirius XM director gifts 13,376 company shares
Eddy W. Hartenstein, a director of Sirius XM Holdings Inc., reported two bona fide gifts of common stock on July 13, 2026, each for 6,688 shares at $0.00 per share, totaling 13,376 shares.
Rhea-AI Filing Summary
Eddy W. Hartenstein, a director of Sirius XM Holdings Inc., reported two bona fide gifts of common stock on July 13, 2026, each for 6,688 shares at $0.00 per share, totaling 13,376 shares. Following these transfers, he holds 14,968 shares directly and 28,924 shares indirectly through a trust. A footnote states that 6,688 shares were transferred to the Hartenstein Family Trust, of which he and his immediate family are sole beneficiaries, and that he remains the beneficial owner of the trust-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,376 shares gifted
Gift
2 txns
Insider
HARTENSTEIN EDDY W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 6,688 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 6,688 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 14,968 shares (Direct);
Common Stock — 28,924 shares (Indirect, By Trust)
Footnotes (1)
- F1. The reporting person transferred 6,688 shares of SIRI common stock to the Hartenstein Family Trust and the reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person remans the beneficial owner of the securities held by the trust.
Key Figures
Total gifted shares: 13,376 shares
Per-transaction gift size: 6,688 shares
Gift price per share: $0.00 per share
+2 more
5 metrics
Total gifted shares
13,376 shares
Aggregate bona fide gift transfers of common stock on July 13, 2026
Per-transaction gift size
6,688 shares
Each individual bona fide gift of Sirius XM common stock
Gift price per share
$0.00 per share
Reported transaction price for the bona fide gifts
Direct holdings after gifts
14,968 shares
Common stock held directly by Eddy W. Hartenstein after the transactions
Indirect holdings after gifts
28,924 shares
Common stock held indirectly through a trust after the transactions
Key Terms
bona fide gift, beneficial owner, immediate family, indirect
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for the reported transfers"
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.
beneficial owner financial
"The reporting person remains the <b>beneficial owner</b> of the securities held by the trust"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
immediate family financial
"The reporting person and members of his <b>immediate family</b> are the sole beneficiaries"
indirect financial
"ownership_type is listed as <b>indirect</b> for shares held by the trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sirius XM (SIRI) director Eddy W. Hartenstein report?
Eddy W. Hartenstein reported two bona fide gifts of Sirius XM common stock. Each transaction involved 6,688 shares at $0.00 per share, reflecting non-cash transfers rather than open-market sales or option exercises.
What are Eddy Hartenstein's Sirius XM (SIRI) holdings after these transactions?
After the reported gifts, Hartenstein holds 14,968 shares of Sirius XM directly and 28,924 shares indirectly through a trust. These figures represent his remaining ownership positions immediately following the July 13, 2026 transactions.
What does the Hartenstein Family Trust footnote mean for Sirius XM (SIRI) ownership?
The footnote explains that 6,688 shares were transferred to the Hartenstein Family Trust. Hartenstein and his immediate family are its sole beneficiaries, and he remains the beneficial owner of the Sirius XM shares held by the trust.
Were the Sirius XM (SIRI) insider transactions open-market sales?
No. Both transactions are coded as bona fide gifts (Code G) of Sirius XM common stock at $0.00 per share. This indicates non-market, gift transfers rather than open-market sales or purchases, with a footnote confirming continued beneficial ownership via the family trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
