UHAL Form 4 reports purchase transactions
SHOEN EDWARD J reported open-market purchase transactions in a Form 4 filing for UHAL.
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Form Type
4
Rhea-AI Filing Summary
SHOEN EDWARD J reported open-market purchase transactions in a Form 4 filing for UHAL. The filing lists transactions totaling 229,515 shares. Following the reported transactions, holdings were 8,150,658 shares.
Insider Trade Summary
Net Buyer: 229,515 shares
Net Buy
1 txn
Insider
SHOEN EDWARD J
Role
President
Bought
229,515 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series N Common Stock | 229,515 | $0.00 | $0.00 |
| Holding | Series N Common Stock | -- | -- | -- |
| Holding | Series N Common Stock | -- | -- | -- |
| Holding | Series N Common Stock | -- | -- | -- |
| Holding | Series N Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series N Common Stock — 8,150,658 shares (Indirect, Blackwater Investments, Inc.);
Series N Common Stock — 67,253,456 shares (Indirect, Willow Grove Holdings LP);
Series N Common Stock — 609.032 shares (Direct);
Series N Common Stock — 225,954 shares (Indirect, EJS-028 Trust);
Series N Common Stock — 158.308 shares (Indirect, ESOP Trust Fund);
Common Stock — 47.125 shares (Direct);
Common Stock — 880,127 shares (Indirect, Blackwater Investments, Inc.);
Common Stock — 25,106 shares (Indirect, EJS-028 Trust);
Common Stock — 7,562,884 shares (Indirect, Willow Grove Holdings LP);
Common Stock — 1,324,000 shares (Indirect, Clarendon Strategies, LLC);
Common Stock — 24,900 shares (Indirect, SAC Holding Corporation)
Footnotes (4)
- F1. This Form 4 is being filed in connection with a sale by the MVS-029 Trust of 229,515 shares of Series N Common Stock to Blackwater Investments, Inc. ("Blackwater") in exchange for all of the outstanding equity interests in Holdfast Marine, LLC, which were valued for purposes of this transaction at approximately $11.8 million. Blackwater is a wholly owned subsidiary of Willow Grove Holdings, LP ("Willow Grove"), and the EJS-028 Trust is a limited partner of Willow Grove. Accordingly, the Reporting Person may be deemed to have indirect beneficial ownership of the Series N Common Stock held by Blackwater and Willow Grove, but only to the extent of his pecuniary interest therein. The reported transaction increased the Reporting Person's pecuniary interest in the transferred shares by approximately 86,481 shares. The Reporting Person disclaims beneficial ownership of shares held by the EJS-028 Trust, Blackwater and Willow Grove, except to the extent of his pecuniary interest therein.
- F2. Willow Grove is owned and controlled by Foster Road LLC and various trusts associated with the Reporting Person and Mark V. Shoen. Foster Road LLC is the general partner of Willow Grove and is managed by Mark V. Shoen and Stuart Shoen. Blackwater is a wholly owned subsidiary of Willow Grove. Clarendon Strategies, LLC ("Clarendon") and SAC Holding Corporation ("SAC") are wholly owned subsidiaries of Blackwater. The Reporting Person disclaims beneficial ownership of shares held directly and indirectly by Willow Grove, Clarendon, Blackwater and SAC except to the extent of his pecuniary interest therein.
- F3. Includes shares held by the EJS-028 Trust for which the Reporting Person is a trustee and one of the beneficiaries. The Reporting Person disclaims beneficial ownership of shares held by the EJS-028 Trust except to the extent of his pecuniary interest therein.
- F4. Includes shares held by the ESOP Trust Fund for which the Reporting Person is the beneficiary. The Reporting Person disclaims beneficial ownership of shares held by the ESOP Trust Fund except to the extent of his pecuniary interest therein.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did U-Haul (UHAL) report in this Form 4?
U-Haul reported that MVS-029 Trust sold 229,515 Series N Common shares to Blackwater Investments, Inc. in exchange for all equity interests in Holdfast Marine, LLC, valued at about $11.8 million for this transaction, affecting indirect ownership linked to Edward J. Shoen.
How is Edward J. Shoen connected to the entities in this UHAL Form 4?
Edward J. Shoen is U-Haul’s President, director, and a 10% owner, with trusts and entities associated with him holding interests in Willow Grove and Blackwater. He may be deemed to have indirect beneficial ownership only to the extent of his pecuniary interest in those entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
