Vitesse Energy (VTS) director makes charitable gift of 59,619 shares
Rhea-AI Filing Summary
Vitesse Energy, Inc. director Brian P. Friedman reported a bona fide charitable gift of 59,619 shares of Common Stock on 2026-08-07, leaving 467,384 shares held directly. He also reports indirect holdings of 400,000 shares by a trust, 260,555 shares by a family limited partnership (with beneficial ownership disclaimed beyond his pecuniary interest), and 4,365 shares through a profit sharing plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 59,619 shares
Net Sell
4 txns
Insider
FRIEDMAN BRIAN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 59,619 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 467,384 shares (Direct);
Common Stock — 400,000 shares (Indirect, By Reporting Person's Trust);
Common Stock — 260,555 shares (Indirect, By Family Limited Partnership);
Common Stock — 4,365 shares (Indirect, By Trustee of Profit Sharing Plan)
Footnotes (2)
- F1. Charitable gift of shares to a non-profit organization.
- F2. The Reporting Person disclaims beneficial ownership of the portion of shares held by the limited partnership in excess of his proportionate pecuniary interest in those shares.
Key Figures
Shares gifted: 59,619 shares
Direct holdings after transaction: 467,384 shares
Trust indirect holdings: 400,000 shares
+3 more
6 metrics
Shares gifted
59,619 shares
Bona fide charitable gift of Common Stock on 2026-08-07
Direct holdings after transaction
467,384 shares
Direct Common Stock held by Brian P. Friedman following the gift
Trust indirect holdings
400,000 shares
Common Stock held indirectly by Reporting Person's Trust
Family Limited Partnership holdings
260,555 shares
Indirect holdings via Family Limited Partnership; beneficial ownership partially disclaimed
Profit Sharing Plan holdings
4,365 shares
Indirect holdings as Trustee of Profit Sharing Plan
Reported gift price
$0.00 per share
Price per share for the bona fide charitable gift transaction
Key Terms
bona fide gift, pecuniary interest, beneficial ownership, Family Limited Partnership, +1 more
5 terms
bona fide gift financial
"Transaction code G is described as a 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.
pecuniary interest financial
"disclaims beneficial ownership beyond his proportionate pecuniary interest"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the portion of shares"
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.
Family Limited Partnership financial
"Indirect holdings noted as By Family Limited Partnership"
Profit Sharing Plan financial
"Indirect holdings noted as By Trustee of Profit Sharing Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Vitesse Energy (VTS) director Brian P. Friedman report?
Brian P. Friedman reported a bona fide charitable gift of 59,619 shares of Vitesse Energy Common Stock. The transaction was coded as a gift (code G) at a reported price of $0.00 per share, reflecting a non-market charitable transfer.
What indirect Vitesse Energy (VTS) holdings does Brian P. Friedman report?
He reports indirect ownership of 400,000 shares held by his trust, 260,555 shares held by a family limited partnership, and 4,365 shares held as trustee of a profit sharing plan. A footnote states he disclaims beneficial ownership beyond his pecuniary interest in the partnership shares.
Does Brian P. Friedman claim full beneficial ownership of all reported Vitesse Energy (VTS) partnership shares?
No. For the 260,555 shares held by a family limited partnership, he disclaims beneficial ownership of the portion exceeding his proportionate pecuniary interest. This limits the economic interest he attributes to himself in those partnership-held shares.