Form 4: Village Super Market Inc. Director Robert Sumas Transfers Shares in Private Transaction

Robert Sumas, a director at Village Super Market Inc., transferred 40,000 shares of Class B Common Stock to Class A Common Stock in a private transaction.

Summary

• Robert Sumas, a director of Village Super Market Inc., executed a private transaction on January 14, 2025.
• In this transaction, 40,000 shares of Class B Common Stock were converted to 40,000 shares of Class A Common Stock on a one-for-one basis.
• The transaction did not involve any additional consideration.
• Following the transaction, Mr. Sumas directly owns 94,931 shares of Class A Common Stock.
• Mr. Sumas also has indirect ownership of Class A and Class B shares through various trusts and LLCs.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a share transfer, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company insider and does not indicate any broader industry trends.

Comparison to Industry Standards

• Share transfers and changes in beneficial ownership are common among publicly traded companies.
• Directors and officers often hold shares through various trusts and LLCs, as seen in this filing.
• The one-for-one conversion of Class B to Class A shares is a standard practice for companies with dual-class share structures.

Stakeholder Impact

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

Key Dates

Keywords

Village Super Market Inc, Robert Sumas, Class A Common Stock, Class B Common Stock, Share Transfer, Beneficial Ownership, SEC Form 4, Director