Form 4: PriceSmart Director Robert E. Price Reports Share Transfers

Director Robert E. Price reported the transfer of 16,360 shares of PriceSmart stock to a charitable trust and the acquisition of 16,360 shares by another trust, both at no cost.

Summary

• Robert E. Price, a director and 10% owner of PriceSmart Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 16, 2024, Mr. Price transferred 16,360 shares of common stock to the Robert and Allison Price Charitable Trust.
• On the same day, he acquired 16,360 shares of common stock through the Robert and Allison Price Trust UDT 1/10/75.
• Both transactions were reported at a price of $0 per share, indicating they were likely transfers rather than sales or purchases.
• Mr. Price also indirectly holds shares through The Price Group LLC, Family Trusts, and RARSD LLC.
• His wife, Allison Price, may also be deemed a greater than 10% beneficial owner due to her co-trustee roles.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral disclosure of share transfers.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider and is a standard practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for company insiders in the US, as mandated by the Securities and Exchange Commission (SEC).
• The reporting of share transfers and acquisitions by directors and major shareholders is common practice across all publicly listed companies.
• Similar filings can be seen from directors and major shareholders of companies such as Costco (COST) and Walmart (WMT), which are also in the retail sector.

Stakeholder Impact

• The share transfers do not have a direct impact on shareholders, employees, customers, suppliers, or creditors as they are internal transfers between trusts controlled by the director.

Key Dates

Keywords

PriceSmart, Robert E. Price, Form 4, Beneficial Ownership, Share Transfer, Director, Trust, Allison Price