GORDON ELLEN R 4

What Happened

• Gordon Ellen R, reported as a 10% owner of Tootsie Roll Industries, disposed of 23,000 shares as a gift on 2026-05-08. The transaction is coded as a gift (G) and shows a $0 per-share price and $0 total proceeds.

Key Details

• Transaction date: 2026-05-08
• Transaction type/code: Gift (G)
• Shares disposed: 23,000
• Price per share / total proceeds: $0.00 / $0
• Shares owned after transaction: Not specified in the filing
• Footnote: F1 — "Freely convertible to Common Stock on a share for share basis" (the securities involved can be converted 1:1 into common stock)
• Filing timeliness: Report filed 2026-05-11 (within the SEC’s 2-business-day Form 4 requirement for a May 8 transaction)

Context

• Gifts are a non-market transaction and do not necessarily signal the insider’s view of the company’s stock; they often reflect estate planning or personal transfers. As a reported 10% owner (not an executive trade), this filing reflects a beneficial-owner transfer rather than routine buying or selling for investment purposes.