Standard Nuclear CEO gifts stock to family trusts
Standard Nuclear, Inc. CEO Kurt Amir Terrani reported a series of bona fide gifts of Class A common stock on 2026-07-20, transferring shares from his direct holdings to five irrevocable family trusts.
Rhea-AI Filing Summary
Standard Nuclear, Inc. CEO Kurt Amir Terrani reported a series of bona fide gifts of Class A common stock on 2026-07-20, transferring shares from his direct holdings to five irrevocable family trusts. The trusts now hold 629,374, 175,000, 60,000, 245,000 and 175,000 shares, all at $0.0000 per share. The gifts qualify as a permitted exception under the IPO lock-up, and Terrani is deemed to have an indirect beneficial interest but disclaims beneficial ownership of shares held by each trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A common stock F1 | 629,374 | $0.00 | $0.00 |
| Gift | Class A common stock F1, F2 | 629,374 | $0.00 | $0.00 |
| Gift | Class A common stock F1 | 175,000 | $0.00 | $0.00 |
| Gift | Class A common stock F1, F3 | 175,000 | $0.00 | $0.00 |
| Gift | Class A common stock F1 | 60,000 | $0.00 | $0.00 |
| Gift | Class A common stock F1, F4 | 60,000 | $0.00 | $0.00 |
| Gift | Class A common stock F1 | 245,000 | $0.00 | $0.00 |
| Gift | Class A common stock F1, F5 | 245,000 | $0.00 | $0.00 |
| Gift | Class A common stock F1 | 175,000 | $0.00 | $0.00 |
| Gift | Class A common stock F1, F6 | 175,000 | $0.00 | $0.00 |
Footnotes (6)
- F1. Represents a bona fide gift by the Reporting Person, for no consideration, to a trust established for the benefit of members of the Reporting Person's immediate family, as further described in the footnotes below. The Reporting Person is subject to a lock-up agreement that was entered into with the representatives of the underwriters in connection with the Issuer's initial public offering of its Class A Common Stock (the "IPO"). The shares were transferred by the Reporting Person to the trust as a bona fide gift not involving a disposition for value, which is a permissible exception under the terms of the lock-up agreement. In connection with the gift, the trustee of the trust has executed and delivered to the representatives of the underwriters a lock-up agreement in the form entered into by the Reporting Person in connection with the IPO, and the shares held by the trust remain subject to the restrictions on transfer set forth therein for the balance of the applicable lock-up period
- F2. These shares are held by the Terrani 2026 Irrevocable Family Trust, dated June 24, 2026, a trust for the benefit of members of the Reporting Person's immediate family, of which Denise Sarah Castley serves as the trustee. By virtue of his relationship with the beneficiaries of the trust, the Reporting Person is deemed to have an indirect beneficial interest in the shares held by the trust. The Reporting Person disclaims beneficial ownership of the shares held by the trust.
- F3. These shares are held by the DSC 2026 Irrevocable Trust, dated June 24, 2026, a trust for the benefit of members of the Reporting Person's immediate family, of which Denise Sarah Castley serves as the trustee. By virtue of his relationship with the beneficiaries of the trust, the Reporting Person is deemed to have an indirect beneficial interest in the shares held by the trust. The Reporting Person disclaims beneficial ownership of the shares held by the trust.
- F4. These shares are held by the MT 2026 Irrevocable Trust, dated July 10, 2026, a trust for the benefit of members of the Reporting Person's immediate family, of which Merran Terrani serves as the trustee. By virtue of his relationship with the beneficiaries of the trust, the Reporting Person is deemed to have an indirect beneficial interest in the shares held by the trust. The Reporting Person disclaims beneficial ownership of the shares held by the trust.
- F5. These shares are held by the EKG 2026 Irrevocable Trust, dated June 25, 2026, a trust for the benefit of members of the Reporting Person's immediate family, of which Leila Karim Tehrani serves as the trustee. By virtue of his relationship with the beneficiaries of the trust, the Reporting Person is deemed to have an indirect beneficial interest in the shares held by the trust. The Reporting Person disclaims beneficial ownership of the shares held by the trust.
- F6. These shares are held by the LKT 2026 Irrevocable Trust, dated June 25, 2026, a trust for the benefit of members of the Reporting Person's immediate family, of which Leila Karim Tehrani serves as the trustee. By virtue of his relationship with the beneficiaries of the trust, the Reporting Person is deemed to have an indirect beneficial interest in the shares held by the trust. The Reporting Person disclaims beneficial ownership of the shares held by the trust
Key Figures
Key Terms
bona fide gift financial
lock-up agreement financial
indirect beneficial interest financial
disclaims beneficial ownership financial
irrevocable trust financial
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