Simply Good Foods (SMPL) director gifts 348,000 common shares to trust and foundation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simply Good Foods director David J. West reported two stock gifts. On May 12, 2026, he made bona fide gifts totaling 348,000 shares of Common Stock, with no sale proceeds reported. One gift went to an independently managed family trust for estate planning purposes and another to a charitable private foundation he and his spouse control.
Positive
- None.
Negative
- None.
Insider Trade Summary
348,000 shares gifted
Mixed
2 txns
Insider
WEST DAVID J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 261,000 | $0.00 | -- |
| Gift | Common Stock | 87,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,746,800 shares (Direct, null)
Footnotes (1)
- Represents an irrevocable gift to an independently managed family trust for estate planning purposes. Represents a charitable gift to a private foundation controlled by the reporting person and his spouse.
Key Figures
Total shares gifted: 348,000 shares
First gift block: 87,000 shares
Second gift block: 261,000 shares
3 metrics
Total shares gifted
348,000 shares
Bona fide gifts of Common Stock on May 12, 2026
First gift block
87,000 shares
Gift of Common Stock on May 12, 2026
Second gift block
261,000 shares
Gift of Common Stock on May 12, 2026
Key Terms
bona fide gift, independently managed family trust, private foundation
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.
independently managed family trust financial
"irrevocable gift to an independently managed family trust for estate planning purposes"
private foundation financial
"charitable gift to a private foundation controlled by the reporting person and his spouse"
FAQ
What did Simply Good Foods (SMPL) director David J. West report in this Form 4?
David J. West reported two bona fide gifts of Simply Good Foods common stock totaling 348,000 shares. These are non-cash transfers, not market sales, made to a family trust and a charitable foundation.
Were David J. West’s Simply Good Foods (SMPL) transactions open-market sales?
No, the transactions were not open-market sales. They are coded as bona fide gifts, meaning shares were transferred without consideration, rather than sold in the market for cash proceeds.
Does this Form 4 suggest David J. West is reducing his economic exposure to SMPL?
The Form 4 shows transfers as bona fide gifts, not sales, so no sale proceeds were received. The filing reflects estate and charitable planning decisions rather than explicit portfolio trading activity in Simply Good Foods stock.