Form 4: GEN Restaurant Group CEO David Kim Reports Acquisition of 52,127 Class A Shares
SEC Form 4 Filing
CEO David Wook Jin Kim reports acquiring 52,127 shares of Class A Common Stock in GEN Restaurant Group, Inc.
Summary
- David Wook Jin Kim, CEO of GEN Restaurant Group, Inc., filed a Form 4 with the SEC.
- The report indicates that Kim acquired 52,127 shares of Class A Common Stock on May 12, 2025, at a price of $0.
- Following the transaction, Kim directly owns 52,127 shares of Class A Common Stock.
- Kim also indirectly owns 166,652 shares of Class A Common Stock through the DJK Trust, as Amended and Restated in 2007, and 151,870 shares of Class A Common Stock through Put Call Forever LP.
- Additionally, Kim indirectly owns 8,972,667 shares of Class B Common Stock through the DJK Trust, as Amended and Restated in 2007.
- Kim also indirectly owns 586,217 shares of Class B Common Stock each through the Kim Family Living Trust, Surviving Spouse's Trust, Trust for Andrea; the Kim Family Living Trust, Surviving Spouse's Trust, Trust for Solomon; and the Kim Family Living Trust, Surviving Spouse's Trust, Trust for Joy.
- The filing also references a Reallocation Agreement effective as of December 31, 2023, where shares of Class B common stock were transferred by Jae Chang and certain affiliates for no consideration.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but the CEO's purchase could be seen as a mildly positive signal.
Positives
- The CEO's acquisition of shares could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to the market.
Stakeholder Impact
- The CEO's stock acquisition could have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Effective date of Reallocation Agreement |
| 05/12/2025 | Date of transaction: Acquisition of Class A Common Stock |
| 04/30/2025 | Date of Form 3/A filing referenced in the document |
| 05/15/2025 | Date of signature on the Form 4 filing |
Keywords
GEN Restaurant Group, GENK, Form 4, Beneficial Ownership, David Wook Jin Kim, Class A Common Stock, Class B Common Stock, DJK Trust, Kim Family Living Trust, Reallocation Agreement
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