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

Director Steven J. Abrams transferred 15,750 shares of inTEST Corp common stock to a family trust on August 6, 2024, while remaining the beneficial owner.

Summary

• On August 6, 2024, Steven J. Abrams, a director of inTEST Corp, transferred 15,750 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.
• Abrams directly owns 4,500 shares of common stock, including 4,500 unvested restricted shares that vest in substantially equal installments on each of September 30, 2024 and December 31, 2024.
• Abrams indirectly owns 82,500 shares through the Steven J. Abrams Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a share transfer. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect a change in the company's outlook or performance. It is common for executives and directors to manage their holdings for personal financial planning purposes.

Related Party Transactions

• Steven J. Abrams transferred 15,750 shares of inTEST, Inc. common stock to a family trust for no consideration.

Stakeholder Impact

• The transfer of shares to a family trust by a director could be perceived as a neutral event by shareholders, as the director retains beneficial ownership.

Key Dates