INTEGRATED BIOPHARMA (INBP) insider entities gift 1.36M shares to CDDS 2.0 LLC
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTEGRATED BIOPHARMA INC insider reporting reflects non-market gifts of Common Stock by entities associated with the late Carl DeSantis. CD Financial, LLC transferred 1,356,293 shares and the Carl DeSantis Revocable Trust transferred 7,392 shares to CDDS 2.0, LLC, a Florida LLC controlled by Damon DeSantis. After these bona fide gifts, a total of 11,366,673 shares of Common Stock remain indirectly held through CD Financial, LLC, the revocable trust and the Estate of Carl DeSantis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,363,685 shares gifted
Mixed
2 txns
Insider
DESANTIS CARL
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,356,293 | $0.00 | -- |
| Gift | Common Stock | 7,392 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,374,065 shares (Indirect, Reporting Person is deceased)
Footnotes (1)
- Represents 1,356,293 shares of Common Stock transferred from CD Financial, LLC, a Florida limited liability company, to CDDS 2.0, LLC, a Florida limited liability company controlled by Damon DeSantis. Includes 9,116,547 shares of Common Stock owned by CD Financial, LLC, 2,242,809 shares of Common Stock owned by the Carl DeSantis Revocable Trust and 14,709 shares of Common Stock owned by the Estate of Carl DeSantis. Represents 7,392 shares of Common Stock transferred from the Carl DeSantis Revocable Trust to CDDS 2.0, LLC, a Florida limited liability company controlled by Damon DeSantis. Includes 9,116,547 shares of Common Stock owned by CD Financial, LLC, 2,235,417 shares of Common Stock owned by the Carl DeSantis Revocable Trust and 14,709 shares of Common Stock owned by the Estate of Carl DeSantis.
FAQ
What insider activity did INBP report for Carl DeSantis on this Form 4?
The filing shows non-market gift transfers of INBP Common Stock by entities associated with the late Carl DeSantis, rather than open-market buying or selling, indicating ownership is being reallocated within related entities.
Does the INBP Form 4 show any open-market insider buying or selling?
No. The INBP Form 4 reports bona fide gift transactions, not open-market purchases or sales. The transfers reflect internal reallocation of ownership among related entities rather than trading in the public market.