WEAVER DELORES B 4
Research Summary
AI-generated summary
SHOE 10% Owner Delores Weaver Gifts 166,666 Shares
What Happened
- Delores B. Weaver, reported as a 10% owner of Shoe Station Group, Inc. (SHOE), disposed of 166,666 shares on 2026-06-18 via a gift (transaction code G). The reported price per share was $0.00 and the transaction produced no cash proceeds.
Key Details
- Transaction date: 2026-06-18 (Form 4 filed 2026-06-22; filing appears timely)
- Transaction type: Gift (G)
- Shares transferred: 166,666; Price per share: $0.00; Reported value: $0
- Shares owned after transaction: Not provided in the excerpt
- Footnote: Shares were gifted to a donor-advised charitable gift fund as part of estate planning; Mrs. Weaver has no control over, cannot direct disposition of, and has no pecuniary interest in the gifted shares (per filer)
Context
- Gifts are not a sale and typically do not signal the insider’s view of the company’s near-term prospects; they are often done for personal or estate-planning reasons.
- As a 10% owner, this transfer reduces her reported holdings but, per the footnote, the charitable fund now holds the shares and Mrs. Weaver disclaims control or financial interest in them.