GLOBUS KENNETH H 4

What Happened

• Kenneth H. Globus, a director of United Guardian, reported that 7,480 shares were gifted on 2026-01-21. The shares were disposed with a reported price of $0.00 (code G — gift). The filing notes the shares were owned by his wife and were gifted by her to his grandson; Globus reported them because spousal holdings are deemed beneficially owned by him as an affiliate.
• After this transfer, Globus' reported holdings are 279,027 shares held directly and 1,031,546 shares held indirectly (271,546 owned by his wife and 760,000 under the Alfred R. Globus Testamentary Trust, which he co-trustees and controls).

Key Details

• Transaction date: 2026-01-21; Filing date (Form 4): 2026-01-23 (timely within the typical two-business-day requirement).
• Transaction type/code: Gift (G); Price reported: $0.00; Shares gifted: 7,480.
• Holdings after transaction: Direct = 279,027; Indirect = 1,031,546 (includes spouse and trust holdings).
• Notable footnotes: F1–gifted by his wife to his grandson; F2–reported “Indirect” on Form 4 because ownership spans direct and indirect channels; F3–breakdown of direct vs indirect holdings and confirmation that the 7,480 were from spouse.
• No indication of a 10b5-1 plan, tax withholding, or cash proceeds (this was a non-market transfer).

Context

• Gifts are non-market transfers and do not necessarily signal the insider’s view of the company’s prospects; they are often used for personal, tax, or estate-planning reasons.
• Because Globus is a director/affiliate, shares owned by his spouse and those controlled via the Testamentary Trust are reported as beneficial ownership, which explains the large indirect holding relative to his direct stake.