SEC Form 4 Transaction Code
Code G
Gift
Shares donated to a charitable organization or gifted to a family member. Not a market transaction and should be excluded from capital flow analysis.
Signal_Context
Non-market signal
Code G reflects gifts and should usually be excluded from buy/sell net flow calculations.
How to read Code G
- Start by confirming whether the transaction appears in Table I or Table II.
- Compare the transaction value against the insider's remaining ownership.
- Read footnotes for 10b5-1 plans, tax withholding, trusts, gifts, or issuer-directed actions.
- Do not mix compensation mechanics with voluntary open-market buying or selling.
Form 4 Code G — FAQ
>What does Form 4 Code G mean?
Form 4 Code G means Gift. The exact investment signal depends on whether the transaction is voluntary, mechanical, compensation-related, or disclosed with additional footnotes.
>Is Form 4 Code G bullish or bearish?
Code G reflects gifts and should usually be excluded from buy/sell net flow calculations.
>How should investors use Code G in insider trading analysis?
Investors should compare the code against transaction value, remaining ownership, insider rank, timing, and related transactions before assigning sentiment.