FORD JOE T 4

What Happened

• Joe T. Ford, a director of Westrock Coffee Co. (WEST), made a non‑cash disposition on Feb 3, 2026: 110,000 shares of common stock were contributed (gifted) to sub‑trusts. The Form 4 records the transaction as a gift (transaction code G) at $0.00 per share, total proceeds $0.
• This was not a sale or purchase — it was a transfer into sub‑trusts under an existing trust. Such gifts are administrative/estate‑planning moves and do not directly signal a buy or sell judgment about the stock.

Key Details

• Transaction date and price: Feb 3, 2026 — 110,000 shares disposed as a gift at $0.00/share (total $0).
• Filing date / timeliness: Form 4 filed on June 12, 2026 — about four months after the transaction (late filing). Late filings delay public disclosure of insider moves.
• Shares held or reported (per footnotes): holdings reported in the filing include trusts and entities over which Mr. Ford may have control or serve as trustee:
  • F1: the 110,000 shares gifted on Feb 3, 2026 (previously held by a trust where Mr. Ford was trustee).
  • F3: 41,800 shares held by a trust (Mr. Ford is trustee).
  • F4: 273,000 shares held by a trust (Mr. Ford is trustee).
  • F5: 3,281,976 shares held by Wooster Capital, LLC (Mr. Ford may exercise voting/investment control).
  • F6: 183,000 shares held by a trust (Mr. Ford is trustee).
  • Note: Mr. Ford disclaims beneficial ownership for trust/LLC shares where he has no pecuniary interest.
• Correction: Footnote F2 notes a clerical correction — a prior Form 4 (filed Mar 17, 2026) overreported acquisitions by 5,000 shares; this filing reflects the corrected amount.

Context

• Gifts to trusts are commonly used for estate or family planning and don’t necessarily reflect the insider’s opinion on the company’s near‑term prospects.
• Because Mr. Ford was trustee of the original trust but is not trustee of the newly created sub‑trusts, control and beneficial ownership distinctions are important — the filing disclaims beneficial ownership where applicable.
• Late filings reduce the timeliness of disclosure for investors; they do not by themselves indicate wrongdoing but can affect transparency.