Form 4: Amkor Technology Director Susan Y. Kim Reports Share Transfer and Beneficial Ownership

Susan Y. Kim, a director at Amkor Technology, reported a transfer of 790,019 shares and detailed her indirect beneficial ownership of millions of shares through various trusts and partnerships.

Summary

• On January 7, 2025, Susan Y. Kim, a director at Amkor Technology, received 790,019 shares of common stock as a gift from the James J. Kim 2021 Qualified Annuity Trust.
• The reporting person also has indirect beneficial ownership of a significant number of shares through various trusts, including GRATs, and limited partnerships.
• These holdings include 4,418,610 shares held in trusts for family members, 10,233,083 shares held in GRATs for family members, and 3,483,000 shares held in GRATs where she is the sole annuitant.
• Additionally, she has indirect beneficial ownership of 19,484,809 shares through Sujoda Investments, LP, 16,710,668 shares through Sujochil, LP, and 2,478,325 shares through Sujoda Management, LLC.
• The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment. It simply reports a transfer of shares and details of beneficial ownership.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of the Reporting Person's pecuniary interest therein, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ('Section 16'), or for any other purpose.
• 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.

Industry Context

This filing is a routine disclosure of insider transactions and beneficial ownership, which is common for publicly traded companies like Amkor Technology. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The level of detail provided in this filing is consistent with what is expected for reporting beneficial ownership through various entities such as trusts and partnerships.
• Similar filings can be seen from directors and officers of other semiconductor companies such as Texas Instruments (TXN) and Intel (INTC), where they disclose their holdings and transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The information is relevant to investors who track insider transactions as part of their investment analysis.

Key Dates

Keywords

Amkor Technology, insider trading, beneficial ownership, Form 4, share transfer, GRAT, trust, limited partnership, Susan Y. Kim