ABRAMS STEVEN J 4
Research Summary
AI-generated summary
InTest (INTT) Director Steven J Abrams Gifts 9,000 Shares
What Happened
- Steven J. Abrams, a director of InTest Corporation (INTT), transferred (gifted) 9,000 shares of common stock to a family trust on March 20, 2026. The transaction was reported on a Form 4 filed March 23, 2026. The shares were transferred for no consideration (reported value $0).
Key Details
- Transaction date: March 20, 2026. Transaction code: G (Gift).
- Price: $0.00 per share; total reported consideration $0.
- Shares owned after transaction: the filing does not list a post-transaction share count; the footnote states Abrams and his spouse are co-trustees and he remains the beneficial owner of the shares held by the trust.
- Footnote: On March 20, 2026, Abrams transferred 9,000 shares to a family trust for no consideration; he and his spouse are co-trustees and he remains the beneficial owner (Footnote F1).
- Filing timeliness: Form 4 was filed March 23, 2026, within the SEC’s two-business-day reporting window.
Context
- Gift transactions (code G) are often estate-planning or personal transfers and do not necessarily indicate the insider’s view of the company’s prospects. Because Abrams remains the beneficial owner via the trust, this transfer does not represent a divestment that reduces his economic interest in the company.