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

Director Steven J. Abrams transferred 2,250 shares of inTEST Corp common stock to a family trust on October 2, 2024, while remaining the beneficial owner.

Summary

• On October 2, 2024, Steven J. Abrams, a director of inTEST Corp, transferred 2,250 shares of 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 2,250 shares, including 2,250 unvested restricted shares that vest on December 31, 2024.
• Abrams also indirectly owns 84,750 shares through the Steven J. Abrams Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding a share transfer. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.

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 beneficial ownership remains with the director.

Key Dates