SPTN Form 4: CEO Gifts 40,978 Shares, Holdings Now 106,112
SpartanNash Co (SPTN) director and President & CEO Tony B. Sarsam reported a non‑derivative disposition of 40,978 shares on 09/15/2025.
Rhea-AI Filing Summary
SpartanNash Co (SPTN) director and President & CEO Tony B. Sarsam reported a non‑derivative disposition of 40,978 shares on 09/15/2025. The Form 4 shows the shares were gifted to a charitable trust and the reporting person "has no pecuniary interest" in those shares. Following the transaction, Mr. Sarsam beneficially owns 106,112 shares, held directly. The filing was signed by an attorney‑in‑fact on 09/16/2025. No option exercises, purchases, or other derivative transactions are reported on this Form 4.
Positive
- Transaction disclosed promptly under Section 16 with explanatory remark that the shares were gifted to a charitable trust
- Reporting person retains direct ownership of 106,112 shares after the gift, and no derivatives or complex transactions are reported
Negative
- Significant reduction of 40,978 shares from the reporting person's holdings (disposition via gift)
- No context provided on total outstanding shares or percentage ownership, limiting assessment of materiality
Insights
TL;DR: CEO/director reported a gift of 40,978 shares to a charitable trust, reducing direct beneficial ownership to 106,112 shares.
This Form 4 documents a voluntary transfer of equity from an insider to a charitable trust, explicitly stating the insider retains no pecuniary interest in the gifted shares. For governance review, the filing is routine and compliant with Section 16 disclosure timing. The transaction does not indicate compensatory or derivative activity and contains clear explanatory remarks. Materiality to shareholders is limited unless further context shows these shares represent a large percentage of total outstanding stock, which is not provided.
TL;DR: Reported disposition of 40,978 shares via gift; no price reported and no derivatives involved.
From an investor‑disclosure perspective, the key facts are the quantity gifted, the date (09/15/2025), and the residual direct ownership of 106,112 shares. The Form 4 shows transaction code "G" (gift) and a $0.00 price, consistent with charitable transfers. There is no indication of sales or liquidity events tied to market proceeds. Without outstanding share count or market context in this filing, the direct market impact cannot be assessed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 40,978 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a gift of shares by the reporting person to a charitable trust. The reporting person has no pecuniary interest in the shares held by the charitable trust.
FAQ
What did Tony B. Sarsam report on the Form 4 for SPTN?
Was the transaction a sale or a gift according to the Form 4?
Did the Form 4 report any option exercises or derivative transactions?
When was the Form 4 signed and by whom?
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