Form 4: PriceSmart Director Robert E. Price Reports Changes in Beneficial Ownership

Robert E. Price, a director and 10% owner of PriceSmart Inc., reported changes in his beneficial ownership of the company's common stock due to trust-related transactions.

Summary

• On September 25, 2024, Robert E. Price reported changes in his beneficial ownership of PriceSmart Inc. common stock.
• The transactions involved the disposition of 17,300 shares held as co-trustee of the Robert and Allison Price Charitable Trust and the acquisition of 17,300 shares as co-trustee of the Robert and Allison Price Trust UDT 1/10/75.
• Following the reported transactions, Price's indirect beneficial ownership includes 399,335 shares as co-trustee of the Robert and Allison Price Charitable Trust, 1,119,077 shares as co-trustee of the Robert and Allison Price Trust UDT 1/10/75, 150,511 shares as co-manager of The Price Group LLC, 45,000 shares in Family Trusts, and 8,314 shares as managing member of RARSD LLC.
• The reporting person disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest therein.
• Allison Price, the reporting person's wife, may also be deemed a greater than 10% beneficial owner.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence for publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The transactions themselves are unlikely to have a significant impact on the company's operations or financial performance.

Key Dates