TechPrecision (TPCS) director donates 8,000 shares of stock
Rhea-AI Filing Summary
TECHPRECISION CORP (TPCS) director Walter Milton Schenker reported a bona fide gift of 8,000 shares of common stock on 2026-08-19, at a reported price of $0.00 per share. After this gift, he directly holds 71,727 shares and has indirect ownership reported for 300,902 shares held by MAZ Partners LP, subject to a pecuniary-interest-only beneficial ownership disclaimer.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,000 shares
Net Sell
2 txns
Insider
Schenker Walter Milton
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 8,000 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,727 shares (Direct);
Common Stock — 300,902 shares (Indirect, Held by MAZ Partners LP)
Footnotes (1)
- F1. MAZ Capital Advisors, LLC is the General Partner of MAZ Partners LP, and the reporting person is the sole member and manager of MAZ Capital Advisors, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
Shares gifted: 8,000 shares of Common Stock
Gift transaction price: $0.00 per share
Direct holdings after transaction: 71,727 shares of Common Stock
+2 more
5 metrics
Shares gifted
8,000 shares of Common Stock
Bona fide gift reported on 2026-08-19
Gift transaction price
$0.00 per share
Reported price for the 8,000-share gift
Direct holdings after transaction
71,727 shares of Common Stock
Direct ownership by Walter Milton Schenker following the gift
Indirect holdings reported
300,902 shares of Common Stock
Held by MAZ Partners LP with pecuniary-interest-only beneficial ownership claimed
Gift transactions count
1 bona fide gift
Gift disposition events in this Form 4
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, indirect ownership
4 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.
beneficial ownership financial
"disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
indirect ownership financial
""direct_or_indirect": "I", "nature_of_ownership": "Held by MAZ Partners LP""
FAQ
What insider transaction did TPCS director Walter Milton Schenker report?
Walter Milton Schenker reported a bona fide gift of 8,000 shares of TECHPRECISION CORP common stock on 2026-08-19, coded as a gift (transaction code G) with a reported price of $0.00 per share.
Was the reported TPCS gift transaction made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), so the filing does not affirm that the 8,000-share gift of TECHPRECISION CORP stock was made pursuant to a Rule 10b5-1 trading plan.
What is the transaction code and nature of the TPCS insider transaction?
The transaction is reported with code G, described as a bona fide gift of TECHPRECISION CORP common stock, reflecting a disposition by gift rather than a market sale or purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
