Sanfilippo James J 4

What Happened

• James J. Sanfilippo, a reported 10% owner of Sanfilippo John B & Son Inc. (JBSS) and co‑trustee of the Sanfilippo Family GST Trust, reported trust distributions on 2026-02-25. The Form 4 shows a disposal of 489,233 shares at $0.00 (total $0) and an acquisition of 197,846 shares at $0.00 (total $0).
• These were transfers/distributions among family trusts (not open‑market trades). The $0.00 price indicates the shares were distributed for no consideration rather than sold.

Key Details

• Transaction date: 2026-02-25; Form filed: 2026-02-26 (filed the next day; appears timely).
• Reported amounts: 489,233 shares disposed @ $0.00; 197,846 shares acquired @ $0.00. Net reported outflow = 291,387 shares (489,233 − 197,846).
• Shares owned after transaction: Not specified in the filed Form 4.
• Footnotes of note:
  • F1: The 489,233‑share transfer was a distribution from the Sanfilippo Family GST Trust dated 5/10/17 to five family trusts (Jasper B., John E., Lisa A., James J., and Jeffrey T. Sanfilippo family trusts) for no consideration; the reporting person is a co‑trustee.
  • F2: The 197,846 shares are held indirectly in the James J. Sanfilippo Family Trust and are reported as held in trust for his benefit.
• Transaction type: Internal family trust reallocation / distribution (not a purchase or market sale).

Context

• Transfers among family trusts are typically estate‑planning or ownership‑structure moves and do not necessarily signal a buy/sell view of the company’s stock by the insider.
• As a 10% owner and co‑trustee, James Sanfilippo’s reported transfers reflect changes in beneficial ownership among related trusts rather than open‑market trading.