United Community Banks (UCB) director gifts 2,526 shares to family trust
Rhea-AI Filing Summary
United Community Banks, Inc. director John Marc James reported an internal transfer of common stock. On July 24, 2026, he made a bona fide gift of 2,526 shares he held directly to a family revocable trust for which he serves as trustee.
Following these transactions, he held 2,330 shares directly and 5,972 shares indirectly through the John Marc James Revocable Trust DTD May 10, 2024. The reporting person and immediate family members are the trust’s sole beneficiaries, so the event reflects a change in ownership form rather than a market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,052 shares gifted
Gift
2 txns
Insider
JAMES JOHN MARC
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 2,526 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 2,526 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,330 shares (Direct);
Common Stock — 5,972 shares (Indirect, John Marc James Revocable Trust DTD May 10, 2024)
Footnotes (1)
- F1. On July 24, 2026, the Reporting Person transferred 2,526 shares of Issuer's common stock directly held by the Reporting Person to a family trust of which the Reporting Person is trustee. The Reporting Person and immediate family members are the sole beneficiaries of the trust.
Key Figures
Shares transferred as gift: 2,526 shares
Direct holdings after transaction: 2,330 shares
Indirect holdings after transaction: 5,972 shares
3 metrics
Shares transferred as gift
2,526 shares
Bona fide gift of common stock on July 24, 2026
Direct holdings after transaction
2,330 shares
Common stock held directly by reporting person following gift
Indirect holdings after transaction
5,972 shares
Common stock held indirectly via John Marc James Revocable Trust
Key Terms
bona fide gift, Revocable Trust, indirect ownership
3 terms
bona fide gift regulatory
"The transaction code description is "Bona fide gift" for the shares transferred."
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.
Revocable Trust financial
"Shares are held indirectly through the John Marc James Revocable Trust DTD May 10, 2024."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"The Form 4 reports 5,972 shares as indirect ownership through the family trust."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did UCB director John Marc James report?
John Marc James reported a bona fide gift of 2,526 shares of United Community Banks common stock, transferring them from his direct ownership to a family revocable trust where he serves as trustee.
What are John Marc James’s UCB holdings after this Form 4 transaction?
After the reported transactions, he held 2,330 shares directly and 5,972 shares indirectly through the John Marc James Revocable Trust DTD May 10, 2024, as disclosed in the Form 4.
Was the UCB Form 4 transaction a market sale for cash?
No. The Form 4 describes a bona fide gift at a reported price of $0.0000 per share, transferring shares to a family revocable trust rather than selling them in the open market.