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INTEST CORP·4

Apr 2, 4:52 PM ET

Grant Richard N. Jr. 4

Research Summary

AI-generated summary

Updated

InTest (INTT) CEO Richard N. Grant Jr. Forfeits 101,807 Shares

What Happened Richard N. Grant Jr., President & CEO and a director of InTest Corp (INTT), reported dispositions to the issuer on 2026-03-31 totaling 101,807 shares. These were recorded as dispositions at $0.00 (no cash proceeds) and reflect forfeiture/cancellation of unvested restricted stock awards rather than open-market sales.

Transaction breakdown (all on 2026-03-31):

  • 2,465 shares (F1) — forfeiture related to March 8, 2023 time-vesting award
  • 8,826 shares (F2) — forfeiture related to March 6, 2024 time-vesting award
  • 17,652 shares (F3) — forfeiture related to March 6, 2024 performance-vesting award
  • 19,380 shares (F4) — forfeiture related to March 17, 2025 time-vesting award
  • 25,840 shares (F5) — forfeiture related to March 17, 2025 performance-vesting award
  • 13,822 shares (F6) — forfeiture related to March 16, 2026 time-vesting award
  • 13,822 shares (F7) — forfeiture related to March 16, 2026 performance-vesting award

Key Details

  • Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely under the 2-business-day rule).
  • Price / proceeds: $0.00 — these were forfeitures/returns to issuer, not sales.
  • Total shares forfeited: 101,807.
  • Shares owned after the transactions: not specified in the provided filing details.
  • Footnotes: F1–F7 confirm these were forfeitures of unvested time- and performance-vesting restricted stock from awards dated 2023–2026. F8 (included in the filing) notes an unrelated option is fully exercisable as of the report date.
  • Filing type: Form 4 (insider report of changes in beneficial ownership).

Context

  • These transactions are forfeitures of unvested awards (no cash received), which is different from an executive selling shares on the open market. Forfeitures can occur for many administrative or contractual reasons (e.g., termination, failure to meet vesting conditions), but the filing does not state the specific reason.
  • For retail investors, purchases or open-market sales by insiders often carry clearer signals; forfeitures typically reflect award mechanics rather than a direct trading decision.