SCHEDULE 13D/A: Weis Markets Insider Ownership Update: Estate of Patricia G. Ross Weis Sells Significant Shareholding to Company
Beneficial Ownership Update
An amendment to a Schedule 13D filing reveals that the estate of Patricia G. Ross Weis sold 232,100 shares of Weis Markets Common Stock back to the company, retaining 0.1% ownership.
Summary
- This document is Amendment No. 3 to the Schedule 13D filing for WEIS MARKETS INC, originally filed on September 22, 2004.
- The reporting person is Patricia G. Ross Weis, with Jonathan H. Weis acting as Executor for her estate.
- On June 6, 2025, the Patricia G. Ross Weis Revocable Trust sold 232,100 shares of Common Stock to Weis Markets Inc.
- Following this transaction, the estate of Patricia G. Ross Weis beneficially owns 1,750 shares of Common Stock.
- These 1,750 shares represent 0.1% of the total class of Common Stock.
- The shares held by the estate have sole voting power and sole dispositive power.
Sentiment
Score: 5
Explanation: The filing reports a routine change in beneficial ownership due to an estate sale, with no clear positive or negative implications for the company's operations or financial health. The transaction is a divestment by a related party to the company.
Related Party Transactions
- The Patricia G. Ross Weis Revocable Trust, associated with the reporting person, sold 232,100 shares of Common Stock directly to Weis Markets Inc. This constitutes a transaction between the company and a related party (the trust/estate of a significant shareholder).
Stakeholder Impact
- Shareholders: The sale of 232,100 shares to the company, representing a small fraction of total outstanding shares (0.1% remaining ownership), is unlikely to have a significant impact on the broader shareholder base or share price.
Key Dates
| Date | Description |
|---|---|
| 09/22/2004 | Initial Schedule 13D filing date. |
| 06/18/2015 | Filing date of Amendment No. 1 to Schedule 13D. |
| 02/09/2016 | Filing date of Amendment No. 2 to Schedule 13D. |
| 06/06/2025 | Date of event requiring this filing, specifically the sale of 232,100 shares by the Patricia G. Ross Weis Revocable Trust to the Company. |
| 06/10/2025 | Filing date of Amendment No. 3 to Schedule 13D. |
Keywords
Weis Markets, Schedule 13D, Common Stock, Share Sale, Insider Ownership, Patricia G. Ross Weis, Beneficial Ownership, SEC Filing
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