BEB Holdings, LLC 4
4 · Turn Therapeutics Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Turn Therapeutics (TTRX) CEO Bradley E. Burnam Gifts 600,000 Shares
What Happened
Bradley E. Burnam, CEO of Turn Therapeutics (TTRX), reported gifts of a total of 600,000 common shares on May 28, 2026 — two separate gifts of 300,000 shares each. Each gift was reported at $0.00 per share (transaction code G) and therefore shows no cash proceeds or purchase price. The filings identify the recipients as revocable trusts for his daughter and son.
Key Details
- Transaction date: May 28, 2026. Form 4 filed June 1, 2026 (timely — within the two-business-day filing window).
- Reported price: $0.00 per share; reported total proceeds/value: $0.00.
- Shares transferred: 2 × 300,000 = 600,000 shares gifted.
- Shares owned after transaction: Not specified in the provided Form 4 excerpt. Footnote notes BEB Holdings, LLC holds shares and the reporting person is sole member with voting/dispositive power (see below).
- Relevant footnotes:
- F1: Some holdings are held by BEB Holdings, LLC; Burnam is sole member and may be deemed beneficial owner of those LLC-held shares.
- F2/F3: The 300,000-share gifts were to the Bradley E. Burnam 2026 Revocable Trust FBO Gabriella G. Burnam (daughter) and the Bradley E. Burnam 2026 Revocable Trust FBO Luca M. Burnam (son). Burnam disclaims beneficial ownership of the securities held by those trusts.
Context
Gifts are non-market transfers and generally do not signal insider sentiment about the stock price the way open-market purchases or sales might. The Form 4 here documents gift transactions (code G), not sales or option exercises, and thus no cash changed hands in these reported entries.
Insider Transaction Report
- Gift
Common Stock
[F1]2026-05-28−300,000→ 15,416,260 total(indirect: By LLC) - Gift
Common Stock
[F2]2026-05-28+300,000→ 300,000 total(indirect: See footnote) - Gift
Common Stock
[F1]2026-05-28−300,000→ 15,116,260 total(indirect: By LLC) - Gift
Common Stock
[F3]2026-05-28+300,000→ 300,000 total(indirect: See footnote)
Footnotes (3)
- [F1]Represents shares of common stock held by BEB Holdings, LLC. The reporting person is the sole member of BEB Holdings, LLC and has sole voting and dispositive power with regard to the shares held by BEB Holdings, LLC. Accordingly, all shares held by BEB Holdings, LLC may be deemed to be beneficially owned by the reporting person.
- [F2]This transaction involved the reporting person's gift of 300,000 shares of common stock to the Bradley E. Burnam 2026 Revocable Trust FBO Gabriella G. Burnam (the "GGB Trust"). The sole beneficiary of the GGB Trust is the reporting person's daughter. The reporting person disclaims beneficial ownership of the securities held by the GGB Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F3]This transaction involved the reporting person's gift of 300,000 shares of common stock to the Bradley E. Burnam 2026 Revocable Trust FBO Luca M. Burnam (the "LMB Trust"). The sole beneficiary of the LMB Trust is the reporting person's son. The reporting person disclaims beneficial ownership of the securities held by the LMB Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.