Form 4: Marcus Corp. Director Gifts Class B Shares

Stephen H. Marcus, a Director and 10% owner of The Marcus Corporation, reported gifting 8,329 shares of Class B Common Stock.

Summary

• Stephen H. Marcus, a Director and 10% owner of The Marcus Corporation, filed a Form 4 reporting changes in beneficial ownership.
• On October 8, 2025, a disposition of 8,329 shares of Class B Common Stock occurred via a gift (Transaction Code 'G').
• The gift was made from the Stephen H. Marcus 1990 Revocable Trust.
• Class B Common Stock is convertible into common stock on a 1-for-1 basis at no cost, is immediately exercisable, and has no expiration date.
• Following this transaction, the Stephen H. Marcus 1990 Revocable Trust beneficially owns 25,159 shares of Class B Common Stock.
• Other indirect holdings include 21,895 shares of Common Stock by LLCs, 6,003 shares of Common Stock by Trustee-I. Lowe Fam. Tr., 1,225 shares of Class B Common Stock as Trustee, 4,399,350 shares of Class B Common Stock by LLCs (transferred in a Rule 16a-13 exempt transaction), and 50,845 shares of Class B Common Stock by the Ben and Celia Marcus 1992 Revocable Trust F/B/O Stephen H. Marcus.

Sentiment

Score: 5

Explanation: The filing reports an insider gift, which is a disposition but not a sale for cash. It represents a reduction in the insider's indirect stake but is generally considered neutral to slightly negative in terms of market sentiment compared to a direct sale.

Negatives

• The reporting person's indirect beneficial ownership of Class B Common Stock through the Stephen H. Marcus 1990 Revocable Trust decreased by 8,329 shares due to a gift.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitors.

Related Party Transactions

• A gift of 8,329 shares of Class B Common Stock was made from the Stephen H. Marcus 1990 Revocable Trust, which is controlled by the reporting person.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a gift and not a market sale, but it does represent a slight reduction in the insider's indirect ownership stake.
• Reporting Person: The transaction alters the beneficial ownership structure of Stephen H. Marcus's indirect holdings.

Key Dates

Recommendation

This Form 4 reports a routine insider gift of Class B Common Stock. Such a transaction, while a disposition, does not typically provide new fundamental information about the company's operations or financial health that would warrant a change in investment recommendation. It is primarily an estate planning or personal financial management event for the insider.

Keywords

Marcus Corp, MCS, Form 4, Insider Transaction, Stephen H. Marcus, Class B Common Stock, Gift, Beneficial Ownership