Form 4: Mobileye Director Transfers Shares to Grantor Retained Annuity Trust

Mobileye director Patrick P. Gelsinger transferred 139,456 Class A common shares to a grantor retained annuity trust on November 13, 2024.

Summary

• On November 13, 2024, Patrick P. Gelsinger, a director at Mobileye Global Inc., transferred 139,456 shares of Class A Common Stock.
• The shares were moved from his individual trust to a grantor retained annuity trust (GRAT).
• The GRAT is for the benefit of himself and his children.
• The transaction did not involve a sale, and the price per share was $0 for the purposes of this transfer.
• Following the transaction, Gelsinger's direct ownership of Class A shares decreased by 139,456 shares, while his indirect ownership through the GRAT increased by the same amount.

Sentiment

Score: 5

Explanation: The document reflects a neutral transaction, a routine share transfer for personal financial planning, with no indication of positive or negative sentiment towards the company.

Industry Context

This is a routine transaction for a company director and does not indicate any change in the company's performance or outlook. It is a personal financial planning move by the director.

Comparison to Industry Standards

• Share transfers to trusts are a common practice among corporate executives for estate planning and tax management purposes.
• These types of transactions are not unusual and do not typically reflect on the company's performance or prospects.
• Similar transactions are frequently seen in filings of other publicly traded companies, such as those in the technology sector like NVIDIA or AMD, where executives use trusts for personal financial planning.

Stakeholder Impact

• This transaction is unlikely to have any significant impact on Mobileye's stakeholders, including shareholders, employees, customers, or suppliers.

Key Dates

Keywords

Mobileye, MBLY, Patrick P. Gelsinger, GRAT, Grantor Retained Annuity Trust, Share Transfer, Director Transaction, Class A Common Stock