Bershad Joshua 4

What Happened

• Joshua Bershad, a director of Middlesex Water Co. (MSEX), is reported to have acquired 213,365 shares on 2025-06-15. The transaction is reported as an "other acquisition or disposition" (code J) at a reported price of $0.00, indicating a transfer by trust/estate mechanics rather than an open‑market purchase. The filing shows aggregate value $0.

Key Details

• Transaction date: 2025-06-15
• Filing date: 2026-03-16 (filed roughly 9 months after the transaction; this is a late Form 4)
• Transaction code/type: J — Other acquisition or disposition (trust/estate transfer per footnote)
• Shares acquired: 213,365 at $0.00 (aggregate $0)
• Shares owned after transaction: Not specified in the provided filing extract
• Notable footnotes:
  • F1: Upon the passing of a third party on the transaction date, Mr. Bershad and his spouse became co‑trustees and have voting power over a trust; he disclaims beneficial ownership except to the extent of pecuniary interest.
  • F2: Mr. Bershad serves as trustee and has voting power over a family trust.
  • F3 & F5: Corrections to prior reports that had inadvertently double‑counted 100 and 17,333 shares in indirect holdings.
  • F4: Some shares are held by custodial accounts for family members.
• Timeliness: The Form 4 was filed late relative to the transaction; late filings can happen with estate/trust issues or when corrections are made.

Context

• This was a trust/estate-related transfer (not an open-market purchase), so it should not be read as a straightforward bullish insider buy. As trustee, Mr. Bershad has voting power over the trust assets but disclaims beneficial ownership except for any pecuniary interest noted in footnote F1. Corrections in the filing address prior double‑counting of certain indirect holdings.