PriceSmart (NASDAQ: PSMT) major holder makes bona fide gift of shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Price Philanthropies Foundation, a ten percent owner of PriceSmart Inc., reported a charitable transfer of company stock. The foundation made a bona fide gift of 8,000 shares of PriceSmart common stock on the reported date at a stated price of $0.00 per share. After this gift, the foundation directly holds 2,854,525 shares of PriceSmart common stock, so the transaction represents a small portion of its overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,000 shares gifted
Mixed
1 txn
Insider
Price Philanthropies Foundation
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 8,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,854,525 shares (Direct, null)
Footnotes (1)
Key Figures
Shares gifted: 8,000 shares
Gift price per share: $0.00 per share
Shares held after transaction: 2,854,525 shares
+1 more
4 metrics
Shares gifted
8,000 shares
Bona fide gift of PriceSmart common stock
Gift price per share
$0.00 per share
Stated transaction price for the gifted shares
Shares held after transaction
2,854,525 shares
Direct holdings of PriceSmart common stock following the gift
Gift transactions in filing
1 gift, 8,000 shares
Transaction summary for bona fide gift dispositions
Key Terms
bona fide gift, ten percent owner, Common Stock, Form 4
4 terms
bona fide gift financial
"transaction_code_description": "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.
ten percent owner regulatory
""is_ten_percent_owner": 1"
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.
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.
FAQ
What insider transaction did Price Philanthropies Foundation report for PSMT?
Price Philanthropies Foundation reported a bona fide gift of 8,000 shares of PriceSmart common stock. The transfer was recorded at $0.00 per share and classified as a charitable gift, not an open-market sale or purchase transaction.
Was the PriceSmart (PSMT) insider transaction a sale or a gift?
The transaction was reported as a bona fide gift under code G, not a sale. The foundation disposed of 8,000 shares as a gift at a stated price of $0.00 per share, meaning no cash consideration was received.
Does the PriceSmart (PSMT) Form 4 show open-market trading by the foundation?
The Form 4 does not show open-market trading by the foundation. It records only a bona fide gift of 8,000 common shares, classified as a non-derivative disposition with no purchase or sale transactions reported.
Who is the reporting owner in this PriceSmart (PSMT) Form 4 filing?
The reporting owner is Price Philanthropies Foundation, identified as a ten percent owner of PriceSmart Inc. It reported the gift of 8,000 common shares and now directly holds 2,854,525 shares following the transaction.