Form 4: U-Haul Director Gifts Shares

Mark V. Shoen, a Director and 10% owner of U-Haul Holding Co, reported gifting 9,348 shares of company stock.

Summary

• Mark V. Shoen, a Director and 10% owner of U-Haul Holding Co /NV/ (UHALB), reported a gift transaction.
• On November 20, 2025, Shoen disposed of 4,578 shares of Series N Common Stock and 4,770 shares of Common Stock.
• The transaction code "G" indicates a gift, with a reported price of $0 per share.
• Following the transaction, Shoen's direct and indirect beneficial ownership includes significant holdings across various trusts and entities, such as Willow Grove Holdings LP (67,253,456 Series N Common Stock, 7,562,884 Common Stock) and Blackwater Investments, Inc. (8,150,658 Series N Common Stock, 880,127 Common Stock).
• Shoen disclaims beneficial ownership for shares held by certain trusts and entities (MVS-029 Trust, Willow Grove, Blackwater, Clarendon, SAC, EJS-028 Trust) except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing reports a gift of shares by a director and 10% owner. This is a routine insider transaction and does not inherently indicate a positive or negative sentiment towards the company's future performance.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves a gift, and the indirect holdings are through various family trusts and entities (Shoen Family Revocable Trust, MVS-029 Trust, Willow Grove Holdings LP, Blackwater Investments, Inc., Clarendon Strategies, LLC, SAC Holding Corporation, EJS-028 Trust), indicating related party relationships for beneficial ownership.

Stakeholder Impact

• Shareholders: The gift of a relatively small number of shares by a significant insider is unlikely to have a material impact on the company's stock price or overall shareholder value. It is a routine disclosure.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific transaction.

Key Dates

Recommendation

This Form 4 filing reports a routine gift of shares by a director and 10% owner. It does not provide any new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction itself is not indicative of a change in the insider's confidence in the company, as it is a gift rather than a sale for cash. Therefore, a 'hold' recommendation is appropriate as there is no new fundamental information to alter an existing investment thesis.

Keywords

U-Haul Holding Co, UHALB, Mark V. Shoen, Insider Transaction, Form 4, Gift, Series N Common Stock, Common Stock, Beneficial Ownership