Endeavor Foundation (NYSE: CET) reports bona fide gift of CET shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Endeavor Foundation, Inc., a ten percent owner of Central Securities Corp, reported a charitable-style move in its holdings. On the reported date, the foundation made a bona fide gift of 20,160 shares of Central Securities common stock at a stated price of $0.00 per share, indicating no sale proceeds.
After this gift transfer, the foundation’s direct ownership stood at 9,557,585 common shares. Because this was a gift rather than an open-market trade, it reflects a transfer of shares to another party without a market transaction, while the foundation continues to hold a very large position.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,160 shares gifted
Mixed
1 txn
Insider
ENDEAVOR FOUNDATION, INC.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 20,160 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,557,585 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares gifted: 20,160 shares
Price per share on gift: $0.00 per share
Shares held after transaction: 9,557,585 shares
+1 more
4 metrics
Shares gifted
20,160 shares
Bona fide gift of Central Securities common stock
Price per share on gift
$0.00 per share
Reported transaction price for gifted shares
Shares held after transaction
9,557,585 shares
Direct ownership after reported gift
Gift transactions count
1 transaction
Single bona fide gift reported in summary
Key Terms
bona fide gift, ten percent owner, Form 4, Common Stock
4 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
ten percent owner financial
""is_ten_percent_owner": 1"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Endeavor Foundation report for CET?
Endeavor Foundation reported a bona fide gift of 20,160 shares of Central Securities Corp common stock. The transfer was recorded at $0.00 per share, indicating no sale proceeds and reflecting a non-market, charitable-style disposition of shares.
Who is the reporting person in this Central Securities Corp Form 4?
The reporting person is Endeavor Foundation, Inc., identified as a ten percent owner of Central Securities Corp. It reported the gift of 20,160 common shares and a resulting direct position of 9,557,585 shares after the transaction was completed.
Does the CET Form 4 indicate tax withholding or option exercises?
No, the Form 4 describes a single bona fide gift of common stock by Endeavor Foundation. There are no derivative transactions, option exercises, or tax-withholding share dispositions reported, and no remaining derivative positions are listed in the derivative summary.