Form 4: Tiptree Inc. Director Transfers Shares to Living Trust

Paul M. Friedman, a director at Tiptree Inc., transferred 89,887 shares of common stock to his living trust on November 13, 2024.

Summary

• On November 13, 2024, Paul M. Friedman, a director of Tiptree Inc., transferred 89,887 shares of common stock to the Paul M. Friedman Living Trust.
• The transfer was a gift of shares previously held directly by Mr. Friedman.
• Following the transaction, Mr. Friedman directly owns 20,000 shares and indirectly owns 93,887 shares through the living trust.
• The price of the shares at the time of the transfer was $0, as it was a gift.

Sentiment

Score: 5

Explanation: The document reflects a neutral transaction, a routine transfer of shares for estate planning purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for a company director and does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Share transfers to trusts are a common practice for corporate insiders for estate planning and tax purposes.
• This type of transaction is not unusual and is similar to what is seen at other publicly traded companies.

Stakeholder Impact

• The transaction has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Tiptree Inc., Paul M. Friedman, share transfer, living trust, director, common stock, beneficial ownership