SXI Insider David Dunbar Transfers 17,397 Shares into Trust
Rhea-AI Filing Summary
David A. Dunbar, identified as a director and as an officer with the title President/CEO/Chairman of Standex International Corp (SXI), reported transactions dated 09/03/2025 on a Form 4. The filing shows two non-derivative entries for Common Stock with transaction code J(1) and quantity 17,397 shares on each reported line. One line shows those shares as Disposed (D) at $0 with a following beneficial ownership figure shown as 1,429.9759 D in the table. The second line shows the same quantity as Acquired (A) at $0 with a following beneficial ownership figure shown as 132,973 I and the notation Trustee of Trust. The explanatory note states these transactions reflect shares gifted by the reporting person to a revocable trust for which he is Trustee.
Positive
- Transfer was non-cash (reported consideration $0), indicating no market sale of shares in this filing
- Explanatory note provided clarifying that shares were gifted to a revocable trust for which the reporting person is Trustee
Negative
- None.
Insights
TL;DR: Insider moved shares into a revocable trust, remaining linked to the reporting person as Trustee; transaction appears administrative rather than economic.
The Form 4 documents a transfer of equity into a revocable trust via transaction code J(1), which is consistent with gifts or transfers to a trust vehicle that can preserve indirect beneficial ownership while satisfying reporting obligations. The filing lists identical share amounts (17,397) on two lines with $0 consideration, and an explicit explanation that the shares were gifted to a revocable trust for which the reporting person is Trustee. For governance considerations, this preserves the reporting person’s connection to the shares through trustee status and may have implications for future Section 16 reporting, but no sale or third-party purchaser is shown.
TL;DR: The transaction is a non-cash transfer into a trust and does not indicate a market disposition or new third-party ownership.
The entries show transaction code J(1) and $0 prices, indicating a non-market transfer such as a gift to a trust. The table records both disposal and acquisition lines of equal share quantity, and the explanatory statement clarifies the gift to a revocable trust for which the reporting person is Trustee. From a securities-impact perspective, there is no immediate change to free-float via a sale to external investors reflected in this filing; instead it documents a reclassification of beneficial ownership form.