Sirius XM director gifts 8,193 shares to trust
SIRIUS XM HOLDINGS INC.
Rhea-AI Filing Summary
SIRIUS XM HOLDINGS INC. (SIRI) director Eddy W. Hartenstein reported an internal reallocation of his holdings through a bona fide gift on September 9, 2026. He transferred 8,193 shares of common stock from his direct ownership to the Hartenstein Family Trust, where he and his immediate family are the sole beneficiaries, and he remains the beneficial owner of the trust-held shares. Following these transactions, he holds 6,835 shares directly and 37,117 shares indirectly through the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,386 shares gifted
Gift
2 txns
Insider
HARTENSTEIN EDDY W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 8,193 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 8,193 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 6,835 shares (Direct);
Common Stock — 37,117 shares (Indirect, By Trust)
Footnotes (1)
- F1. The reporting person transferred 8,193 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
Shares transferred by gift: 8,193 shares
Direct holdings after transaction: 6,835 shares
Indirect holdings after transaction: 37,117 shares
+1 more
4 metrics
Shares transferred by gift
8,193 shares
Common stock transferred on September 9, 2026 from direct ownership to family trust
Direct holdings after transaction
6,835 shares
Common stock directly held by Eddy W. Hartenstein after September 9, 2026 gift
Indirect holdings after transaction
37,117 shares
Common stock held indirectly through the Hartenstein Family Trust after the gift
Gift transactions reported
2 transactions
One disposition from direct ownership and one acquisition by the trust, both on September 9, 2026
Key Terms
bona fide gift, beneficial owner, indirect ownership, trust
4 terms
bona fide gift regulatory
"The transaction is coded as a bona fide gift of common stock"
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 regulatory
"The reporting person remains the beneficial owner of the securities held"
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.
indirect ownership financial
"Shares reported as indirectly owned through the Hartenstein Family Trust"
trust financial
"Shares were transferred to the Hartenstein Family Trust"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
What insider transaction did SIRI director Eddy W. Hartenstein report on this Form 4 for SIRI?
Eddy W. Hartenstein reported a bona fide gift transfer of 8,193 shares of SIRI common stock on September 9, 2026, moving them from his direct ownership to the Hartenstein Family Trust.
Were the SIRI transactions reported by Eddy W. Hartenstein made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and there is no indication in the footnotes that these transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.