Turn Therapeutics (TTRX) CEO-linked entity gifts 300,000 shares, retains 15.7M
Rhea-AI Filing Summary
Turn Therapeutics Inc. director and Chief Executive Officer Burnam Bradley Evan reported a bona fide gift of 300,000 shares of common stock, carried out through BEB Holdings, LLC, an entity he solely controls. The gift involved no sale proceeds, with a reported price of $0.00 per share. Following this indirect disposition, BEB Holdings, LLC, which is deemed beneficially owned by Burnam Bradley Evan due to his sole voting and dispositive power, held 15,716,260 shares of Turn Therapeutics common stock.
Positive
- None.
Negative
- None.
Insights
CEO’s 300,000-share gift via LLC is a non-cash, routine disposition with large holdings remaining.
The filing shows a bona fide gift of 300,000 Turn Therapeutics common shares by BEB Holdings, LLC, an entity solely controlled and beneficially owned by CEO and director Burnam Bradley Evan. The transaction code G and reported price of $0.00 per share confirm this is not a market sale.
After the gift, BEB Holdings, LLC still holds 15,716,260 shares, which are deemed beneficially owned by Burnam Bradley Evan due to his sole voting and dispositive power. Given the non-cash nature and substantial remaining stake, this filing reads as a routine personal estate or gifting move rather than a shift in outlook, so its investment impact is neutral based on the disclosed data.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 300,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of common stock held by BEB Holdings, LLC. The reporting person is the sole member of BEB Holdings, LLC and has sole voting and dispositive power with regard to the shares held by BEB Holdings, LLC. Accordingly, all shares held by BEB Holdings, LLC may be deemed to be beneficially owned by the reporting person.
Key Figures
Key Terms
bona fide gift financial
beneficially owned financial
dispositive power financial
FAQ
What insider transaction did Turn Therapeutics (TTRX) report in this Form 4?
Was the Turn Therapeutics (TTRX) Form 4 transaction a stock sale or purchase?
Who is BEB Holdings, LLC in relation to Turn Therapeutics (TTRX) insider ownership?
What does transaction code G mean in the Turn Therapeutics (TTRX) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.