Form 4: PriceSmart Director Robert E. Price Reports Disposition of Shares Held in Trust

Director Robert E. Price reports the disposition of 51,305 shares of PriceSmart Inc. common stock held in the David Price Trust due to its dissolution.

Summary

• Robert E. Price, a director and potential 10% owner of PriceSmart Inc., filed a Form 4 indicating changes in beneficial ownership.
• On September 16, 2024, 51,305 shares of common stock were disposed of from the David Price Trust, where Robert E. Price served as co-trustee.
• The disposition occurred because the trust is being dissolved, and its assets were distributed to the beneficiary, David Price.
• Robert E. Price also holds shares indirectly through other trusts and entities, including the Robert and Allison Price Charitable Trust, the Robert and Allison Price Trust, The Price Group LLC, Family Trusts and RARSD LLC.
• Allison Price, Robert's wife, may also be deemed a greater than 10% beneficial owner and this filing constitutes a Form 4 filing on her behalf as well.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a transaction without expressing any positive or negative outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The disposition of shares by a director could have a minor impact on shareholder sentiment, but the reason for the transaction (trust dissolution) mitigates potential concerns.

Key Dates