PRICE ROBERT E 4
Research Summary
AI-generated summary
PriceSmart (PSMT) 10% Owner Robert E. Price Gifts 9,000 Shares
What Happened
- Robert E. Price, a reported >10% owner of PriceSmart (PSMT), recorded a gift transaction on 2026-06-22 transferring 9,000 shares (reported as a disposition) and a corresponding acquisition of 9,000 shares (both at $0.00), indicating a non‑cash transfer between trust accounts. The filing shows $0 proceeds for the disposition and $0 cost for the acquisition.
Key Details
- Transaction date: 2026-06-22; Form 4 filed 2026-06-23 (timely).
- Transaction type: Gift (code G). Price per share: $0.00. Shares transferred: 9,000 (disposed) and 9,000 (acquired).
- Reported value: $0 (gifts).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: Price and his wife Allison Price are co-trustees of the trusts involved; both disclaim beneficial ownership except to the extent of pecuniary interest. The filing notes Allison Price may also be considered a >10% owner and that this Form 4 covers both spouses.
- Filing status: Timely (no late filing flag).
Context
- This appears to be an internal transfer between trusts (gifted shares), which is a non‑market transaction and does not signal a buy/sell decision in the open market. For retail investors, gifts by insiders are not a direct bullish or bearish signal. As a reported 10% owner (and with a co‑trustee spouse also potentially >10%), these transactions are institutional/ownership-structure actions rather than routine executive trading.