Form 4: inTEST Corp Director Steven J. Abrams Transfers Shares to Family Trust
SEC Form 4
Director Steven J. Abrams transferred 2,250 shares of inTEST Corp common stock to a family trust on January 13, 2025, while remaining the beneficial owner.
Summary
- On January 13, 2025, Steven J. Abrams, a director of inTEST Corp, transferred 2,250 shares of the company's common stock to a family trust.
- The transfer was made for no consideration.
- Abrams and his spouse are co-trustees of the trust.
- Despite the transfer, Abrams remains the beneficial owner of the shares held by the trust.
- Following the transaction, Abrams directly owns 0 shares and indirectly owns 87,000 shares through the Steven J. Abrams Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a share transfer to a family trust, which has neutral sentiment.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a significant trend in the industry.
Related Party Transactions
- The transfer of shares to a family trust is a related party transaction.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as the director remains the beneficial owner of the shares.
Key Dates
| Date | Description |
|---|---|
| 01/13/2025 | Date of share transfer to family trust |
| 01/14/2025 | Date of signature on the Form 4 filing |
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