Form 4: James J. Kim Reports Transaction Involving Amkor Technology Shares
SEC Form 4
James J. Kim, a member of a 10% owner group of Amkor Technology, Inc., reports the distribution of 869,565 shares to Sujoda Investments, LP, along with indirect beneficial ownership of additional shares held in trusts.
Summary
- On February 24, 2025, James J. Kim reported a transaction involving Amkor Technology, Inc. (AMKR) shares.
- Kim distributed 869,565 shares of common stock to Sujoda Investments, LP.
- The transaction occurred at a price of $21.85 per share.
- Kim also reports indirect beneficial ownership of 95,000 shares held by his spouse, 7,828,682 shares held by the John T. Kim Family Trust, 1,957,350 shares held by the John T. Kim G-S Trust, and 164,678 shares held by himself as trustee.
- Kim disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.
Management Comments
- 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 related to changes in beneficial ownership by a significant shareholder, which is common in publicly traded companies. It provides transparency to the market regarding insider transactions.
Related Party Transactions
- The distribution of shares to Sujoda Investments, LP, pursuant to the terms of a transaction between members of the Kim family group, constitutes a related party transaction.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
- The large number of shares involved could potentially influence market perception, although the disclaimers mitigate this impact.
Key Dates
| Date | Description |
|---|---|
| 12/11/12 | Date of John T. Kim Family Trust U/A, John T. Kim G-S Trust dtd, and Trust U/A dtd. |
| 02/24/2025 | Date of the reported transaction where 869,565 shares were distributed. |
| 02/26/2025 | Date of the Form 4 filing. |
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