Griffin Patrick J 4
Research Summary
AI-generated summary
Escalade (ESCA) 10% Owner Patrick J. Griffin Gifts 1,000 Shares
What Happened
Patrick J. Griffin, a reported 10% owner of Escalade Inc. (ESCA), reported gift transactions on 2026-06-11. The Form 4 shows a gift disposition of 1,000 shares (G) and a simultaneous gift acquisition of 1,000 shares (G). Both transactions are recorded at $0.00 per share (gifts), so no cash changed hands and total reported consideration is $0.
Key Details
- Transaction date: 2026-06-11; Form filed 2026-06-12 (timely).
- Transaction code: G = Gift. Price per share reported $0.00; total reported value $0.
- Reported as both a 1,000-share disposal and a 1,000-share acquisition (both gifts) on the same date.
- The filing does not list a net change in shares held in the body of this summary; footnotes disclose indirect holdings: 614,964.629 shares via an irrevocable trust and 300,000 shares via a revocable trust (Mr. Griffin serves as trustee and his mother is beneficiary).
- Several footnotes state Mr. Griffin disclaims beneficial ownership of shares held by his adult son, adult daughter, a family limited partnership, and certain trusts, except to the extent of any pecuniary interest.
Context
Gifts (code G) are transfers and do not involve market purchases or sales; they typically represent transfers to family members or trusts and are generally not interpreted as a direct signal of the insider’s view of the stock. As a 10% owner with substantial indirect holdings through trusts where he is trustee, Griffin remains a significant stakeholder in Escalade despite these small gift entries.