Form 4: GoodRx Executive Transfers Shares to Grantor Retained Annuity Trusts (GRATs)

Douglas Joseph Hirsch, Chief Mission Officer of GoodRx Holdings, Inc., transferred shares of Class A Common Stock to two Grantor Retained Annuity Trusts (GRATs) in transactions dated June 7 and June 10, 2024.

Summary

• Douglas Joseph Hirsch, Chief Mission Officer of GoodRx Holdings, Inc., reported changes in beneficial ownership of Class A Common Stock.
• On June 7, 2024, there was a transaction involving 2,632,721 shares.
• On June 10, 2024, Hirsch's spouse, Chona Hirsch, contributed 2,632,721 shares to the CH 2024 GRAT, for which she serves as the sole trustee and annuitant.
• Also on June 10, 2024, Douglas Joseph Hirsch contributed 2,632,721 shares to the DH 2024 GRAT, for which he serves as the sole trustee and annuitant.
• These transfers to GRATs are exempt from reporting pursuant to Rule 16a-13.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive stock transfers for estate planning purposes. It has a neutral sentiment as it doesn't indicate any positive or negative developments for the company's operations or financial health.

Industry Context

This filing reflects standard executive financial planning using GRATs, which are commonly used to transfer wealth while minimizing gift and estate taxes. It doesn't necessarily reflect a change in the company's operational outlook.

Comparison to Industry Standards

• The use of GRATs for executive wealth management is a common practice among publicly traded companies.
• Similar transactions are frequently observed in filings from executives at companies like Amazon, Apple, and Microsoft, where stock transfers to trusts are part of long-term financial planning.

Related Party Transactions

• The contribution of shares to the CH 2024 GRAT by Chona Hirsch, spouse of Douglas Joseph Hirsch, is a related party transaction.
• The contribution of shares to the DH 2024 GRAT by Douglas Joseph Hirsch is a related party transaction.

Stakeholder Impact

• The transactions are unlikely to have a direct impact on shareholders, employees, customers, suppliers, or creditors as they relate to personal financial planning of an executive.

Key Dates