Form 4: Agnes C. Kim Reports Changes in Beneficial Ownership of Amkor Technology Stock
SEC Form 4 Filing
Agnes C. Kim, a member of a 10% owner group of Amkor Technology, reports a distribution of shares from a trust and disclaims beneficial ownership of certain securities held by her spouse.
Summary
- On January 17, 2025, the James J. Kim 2021 Qualified Annuity Trust distributed 274,000 shares of Amkor Technology, Inc. common stock to Susan Y. Kim and 274,000 shares to John T. Kim.
- Agnes C. Kim, the reporting person, is the spouse of James J. Kim and disclaims beneficial ownership of 10,890,435 shares held by her spouse, except to the extent of her pecuniary interest.
- Following the transaction, Agnes C. Kim directly owns 95,000 shares of Amkor Technology common stock.
- The reporting person states that the filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities owned by the other members of the group, for the purpose of Section 16, or for any other purpose.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a significant shareholder, which is common in publicly traded companies. It doesn't necessarily indicate a change in the company's fundamentals or outlook.
Stakeholder Impact
- The distribution of shares from the trust may have a minor impact on the shareholder base.
Key Dates
| Date | Description |
|---|---|
| 12/15/2021 | Date of the James J. Kim 2021 Qualified Annuity Trust U/A |
| 01/17/2025 | Date of the stock distribution from the James J. Kim 2021 Qualified Annuity Trust |
| 01/22/2025 | Date of signature on the Form 4 filing |
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