Form 4: Sanfilippo Family Trust Redistributes JBSS Shares, Ceases 10% Ownership

The Sanfilippo Family 2017 Generation Skipping Trust distributed 250,000 shares of JBSS Class A Common Stock to other family trusts, resulting in the trust no longer being a 10% owner.

Summary

• The Sanfilippo Family 2017 Generation Skipping Trust, a 10% owner of SANFILIPPO JOHN B & SON INC (JBSS), reported a change in beneficial ownership.
• On July 24, 2025, the trust disposed of 250,000 shares of Class A Common Stock.
• The disposition was a distribution from the Sanfilippo Family GST Trust Dtd 5/10/17 to five other Sanfilippo Family Trusts (Jasper B., John E., Lisa A., James J., and Jeffrey T. Sanfilippo Family Trusts Dtd 5/10/17), with each receiving 50,000 shares.
• The transfer occurred for no consideration.
• Following this transaction, the Sanfilippo Family 2017 Generation Skipping Trust beneficially owns 989,233 shares of Class A Common Stock.
• The Sanfilippo Family 2017 Generation Skipping Trust is no longer a 10% owner of JBSS and is therefore no longer subject to Section 16 reporting obligations.

Sentiment

Score: 5

Explanation: The filing reports an internal family trust distribution of shares, which is a neutral event for the company's operational performance or market valuation.

Positives

• Clarifies the internal ownership structure within the Sanfilippo family trusts.

Future Outlook

No forward-looking statements or guidance are provided.

Industry Context

This filing details an internal family trust share distribution, which is specific to the company's ownership structure and does not reflect broader industry trends or competitive dynamics.

Related Party Transactions

• Distribution of 250,000 Class A Common Stock shares from the Sanfilippo Family 2017 Generation Skipping Trust to five other Sanfilippo Family Trusts for no consideration.

Stakeholder Impact

• Shareholders: The transaction is an internal family transfer and does not alter the overall family control of the company, but the specific reporting trust is no longer a 10% owner.

Next Steps

• The Sanfilippo Family 2017 Generation Skipping Trust is no longer subject to Section 16 reporting obligations following this distribution.

Key Dates

Recommendation

The filing details an internal family trust distribution of shares, which does not impact the company's operational performance, financial health, or strategic direction. It is a neutral event for investors and provides no new information to alter an investment thesis.

Keywords

JBSS, Sanfilippo, insider transaction, beneficial ownership, Form 4, family trust, stock distribution, ownership change