Form 4: Ethan Allen CEO Gifts Shares to Family Foundation
Insider Transaction Report
Ethan Allen Interiors Inc. Chairman, President & CEO M. Farooq Kathwari gifted 82,953 shares of common stock to The Irfan Kathwari Foundation.
Summary
- M. Farooq Kathwari, Chairman, President & CEO of Ethan Allen Interiors Inc. (ETD), reported a disposition of common stock.
- On December 4, 2025, Mr. Kathwari gifted 82,953 shares of Ethan Allen common stock.
- The shares were gifted to The Irfan Kathwari Foundation.
- The fair market value of the common stock on the transaction date was $24.11 per share.
- Following this transaction, Mr. Kathwari directly beneficially owns 1,500,699 shares of common stock.
- Indirect beneficial ownership includes 15,364 shares held by spouse, 8,552 shares in a 401(k) plan, and 22,550 shares each in four separate 2020 Trusts for various individuals (Kolhai Gibran Kathwari, Zavier Irfan Kathwari, Samantha Maxime Van Puyenbroeck-Kathwari, and Gabriel Alexander Van Puyenbroeck-Kathwari).
Sentiment
Score: 6
Explanation: The sentiment is slightly positive due to the philanthropic nature of the gift, although it represents a reduction in direct insider ownership. It does not directly impact the company's operational or financial performance.
Positives
- The transaction represents a philanthropic act by the Chairman, President & CEO, M. Farooq Kathwari, through a gift to The Irfan Kathwari Foundation.
Negatives
- The transaction resulted in a reduction of M. Farooq Kathwari's direct beneficial ownership by 82,953 shares.
Future Outlook
na
Management Comments
- M. Farooq Kathwari, Chairman, President & CEO, executed a bona fide gift of 82,953 shares of common stock to The Irfan Kathwari Foundation.
Industry Context
This Form 4 filing reports an individual insider transaction and does not provide information related to broader industry trends or competitive landscape.
Related Party Transactions
- M. Farooq Kathwari, the Chairman, President & CEO, gifted shares to The Irfan Kathwari Foundation, which is implicitly a related entity given the name association.
Stakeholder Impact
- Shareholders: A minor reduction in direct insider ownership, but the transaction is a gift rather than a sale for personal gain.
- The Irfan Kathwari Foundation: Directly benefits from the receipt of 82,953 shares of Ethan Allen common stock.
Key Dates
| Date | Description |
|---|---|
| 12/04/2025 | Date of transaction (gifting of shares) |
| 12/05/2025 | Date of Form 4 filing |
Keywords
Ethan Allen Interiors, ETD, M. Farooq Kathwari, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Corporate Governance
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