Form 4: Robert DeRose Reports Gift of Legacy Education Inc. Shares
SEC Form 4 Filing
Robert DeRose, a director and 10% owner of Legacy Education Inc., reported gifting 10,000 shares of common stock.
Summary
- On April 8, 2025, Robert DeRose reported a transaction involving Legacy Education Inc. common stock.
- He gifted 10,000 shares of common stock.
- Following the transaction, Mr. DeRose indirectly owns 1,087,974 shares through the Robert D. deRose & Susan deRose Family Trust DTD 11/18/1986.
- He also indirectly owns 2,000 shares through the Robert DeRose IRA, 1,000 shares through the Susan DeRose IRA BDA, and 98,370 shares through the Allison M. deRose Trust DTD 5/29/1991.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This is a standard SEC filing related to changes in beneficial ownership, which is common for corporate insiders.
Stakeholder Impact
- The gift of shares by a director could be perceived in various ways by stakeholders, but the impact is likely minimal given the relatively small number of shares gifted compared to the total holdings.
Key Dates
| Date | Description |
|---|---|
| 11/18/1986 | Date of the Robert D. deRose & Susan deRose Family Trust DTD |
| 05/29/1991 | Date of the Allison M. deRose Trust DTD |
| 04/08/2025 | Date of the transaction (gift of shares) |
| 04/10/2025 | Date of signatures on the form |
Keywords
Form 4, Legacy Education Inc., Robert DeRose, Beneficial Ownership, Share Transaction, LGCY
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