ELLIOTT MARC G 4/A
Research Summary
AI-generated summary
GENCOR (GENC) 10% Owner Marc G. Elliott Receives 2.02M-Share Gift
What Happened
- Marc G. Elliott, a reported 10% owner of Gencor Industries, was assigned (received) 2,022,477 shares of Gencor on May 1, 2026 via a bona fide gift (transaction code G). The shares were acquired at $0.00 per share (gift), so no purchase price was paid in this transaction.
Key Details
- Transaction date and price: 05/01/2026 — 2,022,477 shares @ $0.00 (Gift).
- Filing history: Original Form 4 was filed May 5, 2026 but incorrectly listed the earliest transaction date as 05/01/2016; this amended Form 4 was filed May 8, 2026 to correct the earliest transaction date to 05/01/2026.
- Ownership after transaction: The filing does not state total shares owned after the transfer. Footnote clarifies Elliott was assigned interests in E.J. Elliott, LLC (making him majority member/manager), which is sole general partner of the E.J. Elliott Family LP; he disclaims beneficial ownership of the FLP shares except to the extent of his pecuniary interest.
- Transaction code: G = Gift.
- Timeliness note: The transaction occurred May 1; the original Form 4 was filed May 5 and amended May 8 to correct an error in the reported earliest transaction date.
Context
- Gifts are transfers of ownership and do not necessarily reflect the giver’s view of the company’s prospects; they are different from open-market purchases (which can be a bullish signal) or sales (which can be a liquidity/portfolio action).
- As a 10% owner and majority member/manager of related entities, Elliott’s filing reflects ownership changes through family/LLC structures rather than routine executive trading.