Form 4: ESCALADE INC Insider Patrick J. Griffin Reports Gift of Common Stock to Family

ESCALADE INC's Vice President and Director, Patrick J. Griffin, reported a gift of 2,578 shares of common stock to his adult son and daughter on June 5, 2025, as detailed in a recent SEC Form 4 filing.

Summary

• Patrick J. Griffin, a Director, 10% Owner, and Vice President of ESCALADE INC (ESCA), filed a Form 4 reporting changes in beneficial ownership.
• On June 5, 2025, Mr. Griffin gifted a total of 2,578 shares of common stock.
• Specifically, 1,289 shares were gifted to his adult son and 1,289 shares were gifted to his adult daughter, with a transaction price of $0 per share.
• Following these transactions, Mr. Griffin directly beneficially owns 563,402.229 shares of common stock.
• Indirect beneficial ownership includes 3,289 shares held by his adult son, 1,289 shares held by a UTMA custodian for his adult daughter, 614,964.629 shares held by an Irrevocable Trust, 1,326,736 shares held by a Family Limited Partnership, and 300,000 shares held by a Revocable Trust.
• Mr. Griffin disclaims beneficial interest in shares held by his adult son, adult daughter, family limited partnership, and revocable trust (owned by his mother), except to the extent of his pecuniary interest therein.
• He is deemed to have indirect beneficial ownership in the 614,964.629 shares held by the irrevocable trust and the 300,000 shares held by the revocable trust due to his role as trustee and his mother being the beneficiary.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document reports a routine insider gift transaction, which typically has no direct positive or negative implications for the company's operational performance or financial health.

Positives

• The transaction represents a routine insider activity, specifically a gift, which does not imply a negative outlook on the company's future performance.

Negatives

• The transaction is a gift and does not reflect a sale that would indicate a lack of confidence by the insider.

Risks

• No specific operational or financial risks to ESCALADE INC were identified or implied by this Form 4 filing, which primarily reports changes in beneficial ownership.

Future Outlook

This Form 4 filing is a report of an insider's change in beneficial ownership and does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Management Comments

• Mr. Griffin disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein.
• Mr. Griffin disclaims beneficial interest in shares held by his adult daughter, except to the extent of his pecuniary interest therein.
• Mr. Griffin disclaims beneficial ownership in shares held by an irrevocable trust (previously owned by his late father), except to the extent of his pecuniary interest therein. Mr. Griffin is deemed to have an indirect beneficial ownership in the 614,964.629 shares held by such trusts due to his serving as a trustee and his mother being the beneficiary.
• This reporting person disclaims beneficial ownership in shares held by the family limited partnership, except to the extent of his pecuniary interest therein.
• Mr. Griffin disclaims beneficial ownership in shares held by a revocable trust owned by his mother, except to the extent of his pecuniary interest therein. Mr. Griffin is deemed to have an indirect beneficial ownership in the 300,000 shares held by such trusts due to his serving as a trustee and his mother being the beneficiary.

Industry Context

This Form 4 filing is a standard regulatory disclosure of an insider stock transaction and does not provide specific insights into broader industry trends or competitive dynamics for ESCALADE INC.

Related Party Transactions

• Patrick J. Griffin gifted 1,289 shares of common stock to his adult son.
• Patrick J. Griffin gifted 1,289 shares of common stock to his adult daughter.

Stakeholder Impact

• Shareholders: The transaction represents a minor change in the distribution of shares among insiders and their related parties, with no direct impact on the company's operations or overall share count.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this insider transaction report.

Key Dates

Keywords

ESCALADE INC, ESCA, Form 4, insider transaction, beneficial ownership, stock gift, Patrick J. Griffin, corporate governance