VYX Insider James G. Kelly Transfers 36,127 Shares to Family Gift Trust
Rhea-AI Filing Summary
The reporting person, James G. Kelly, filed a Form 4 disclosing transactions in NCR Voyix Corporation (VYX) common stock on 08/21/2025. Mr. Kelly, who is President & CEO and a director, transferred 36,127 shares to The Maura M. Kelly Family Gift Trust for no consideration; he is trustee and immediate family are sole beneficiaries. The Form shows a simultaneous reporting entry where 36,127 shares are disposed (direct) and the same amount is acquired (indirect) by the family gift trust. After the transaction the filing reports 105,630 shares beneficially owned, including 32,100 shares held indirectly by the James G Kelly Grantor Trust.
Positive
- Transfer preserves family economic interest by moving shares into a family trust while maintaining beneficial ownership.
- Clear disclosure of trustee role and beneficiaries provides transparency under Section 16 reporting rules.
Negative
- Direct ownership reduced by 36,127 shares through the transfer, which changes the reported direct holdings.
- No consideration received for the transferred shares, indicating a gift rather than a sale (may have tax/estate consequences not detailed here).
Insights
TL;DR: Insider transferred shares to a family trust while retaining indirect beneficial ownership; appears to be estate or family planning, not a sale.
The Form 4 discloses a transfer of 36,127 common shares from James G. Kelly to The Maura M. Kelly Family Gift Trust for no consideration, and Mr. Kelly is identified as trustee with immediate family as beneficiaries. This is a non-sales transfer that preserves family economic exposure while shifting direct title. Such transfers are commonly used for estate planning or intra-family wealth transfers and do not change aggregate reported beneficial ownership, which remains at 105,630 shares. The filing contains clear identification of ownership form and the trustee relationship; there are no derivative transactions reported.
TL;DR: Transaction is reported correctly as a non‑cash transfer; disclosure suggests routine insider reporting and compliance with Section 16.
The Form 4 shows both a disposition (code G(1)) and an acquisition (code G(1) with V) of 36,127 shares on 08/21/2025, consistent with transferring shares to a trust for which the reporting person is trustee. The signature block indicates the form was signed by an attorney-in-fact on 08/22/2025. There are no options, warrants, or other derivative instruments reported. All details necessary to understand the change in direct versus indirect holdings are present in the filing text.