QHSLab 10% holder transfers 2.2M shares to trusts
A ten percent owner trust of QHSLab, Inc. distributed all its USAQ shares to two irrevocable trusts as part of estate administration without receiving consideration.
Rhea-AI Filing Summary
QHSLab, Inc. (USAQ) reported an estate-related transfer by the Marvin Smollar Family Trust dtd 2/13/2023, a ten percent owner. On August 26, 2026, the trust disposed of 2,226,280 shares of common stock through distribution to two irrevocable trusts, with no consideration paid. Following the transaction, the trust reported holding 0 shares of QHSLab common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Estate Transfer: 2,226,280 shares
Estate Transfer
1 txn
Insider
Marvin Smollar Family Trust dtd 2/13/2023
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Estate Transfer | Common Stock | 2,226,280 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Key Figures
Shares disposed: 2,226,280 shares
Price per share: $0.00 per share
Shares held after transaction: 0 shares
+2 more
5 metrics
Shares disposed
2,226,280 shares
Common stock distributed on August 26, 2026
Price per share
$0.00 per share
Estate-related distribution with no consideration paid
Shares held after transaction
0 shares
Holdings of Marvin Smollar Family Trust after August 26, 2026 transfer
Disposition classification
Estate or will transfer
Acquisition or disposition by will or laws of descent and distribution
Restructuring shares
2,226,280 shares
Reported as restructuring-related in transaction summary
Key Terms
ten percent owner, irrevocable trust, laws of descent and distribution, estate administration
4 terms
ten percent owner regulatory
"the Marvin Smollar Family Trust dtd 2/13/2023, a ten percent owner"
irrevocable trust financial
"in equal parts to The Justin B. Smollar Irrevocable Trust dtd 2/13/2023"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
laws of descent and distribution regulatory
"Acquisition or disposition by will or laws of descent and distribution"
estate administration financial
"held the shares solely for purposes of estate administration"
FAQ
What insider transaction did USAQ disclose in this Form 4?
USAQ disclosed that the Marvin Smollar Family Trust dtd 2/13/2023 disposed of 2,226,280 shares of common stock on August 26, 2026, through an estate-related distribution to two irrevocable trusts, with no consideration paid.
Did QHSLab, Inc. (USAQ) receive any proceeds from this Form 4 transaction?
No. The filing states that no consideration was paid for the distribution of the 2,226,280 USAQ common shares; it was an estate administration transfer between related trusts, not a sale generating proceeds.
What was the nature of the USAQ Form 4 transaction reported by the trust?
The transaction is described as an estate or will transfer, categorized as an acquisition or disposition by will or laws of descent and distribution. The trust distributed its USAQ common shares to two irrevocable trusts as part of estate administration.
Who is the reporting person in this USAQ Form 4 filing?
The reporting person is the Marvin Smollar Family Trust dtd 2/13/2023, identified as a ten percent owner of QHSLab, Inc. prior to the distribution of its 2,226,280 common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
