Form 4: Director Steven J. Abrams Transfers 66,750 inTEST Corp Shares to Family Trust

Steven J. Abrams, a director of inTEST Corp, transferred 66,750 shares of common stock to a family trust on July 17, 2024.

Summary

• On July 17, 2024, Steven J. Abrams, a director of inTEST Corp, transferred 66,750 shares of inTEST, Inc. common stock to a family trust.
• The transfer was made for no consideration.
• Abrams and his spouse are co-trustees of the trust.
• Abrams remains the beneficial owner of the shares held by the trust.
• Following the transaction, Abrams directly owns 20,250 shares, including 4,500 unvested restricted shares.
• These restricted shares vest in substantially equal installments on September 30, 2024, and December 31, 2024.
• Abrams also indirectly owns 66,750 shares through the Steven J. Abrams Revocable Trust.

Sentiment

Score: 5

Explanation: Neutral. This is a standard Form 4 filing indicating a transfer of shares to a family trust, which doesn't inherently suggest positive or negative sentiment.

Industry Context

This is a routine disclosure of a stock transfer and doesn't necessarily reflect broader industry trends.

Related Party Transactions

• The transfer of 66,750 shares to a family trust where the reporting person and his spouse are co-trustees constitutes a related party transaction.

Stakeholder Impact

• The transfer of shares to a family trust is unlikely to have a significant impact on stakeholders as the beneficial ownership remains with the reporting person.

Key Dates