RANKIN MATTHEW M

The absence is the headline. Rankin's record spans April 2003 to July 2026 and touches the three public companies of one corporate lineage — NACCO Industries, its 2012 forklift spinoff Hyster-Yale, and its 2017 appliance spinoff Hamilton Beach Brands. In all that time, recorded sales amount to 9,774 NACCO shares. Hyster-Yale, despite 677 separate filings, shows 1,133 shares bought and none sold. Hamilton Beach shows no market flow in either direction across 54 filings. For a member of the founding family whose name has been attached to these companies for generations, the Form 4 verdict is stark: essentially nothing has ever been cashed out through this reporting channel.

What moves, moves as gifts, and on a schedule. The file's dominant transaction code is G. December 6, 2024: four Hamilton Beach gift rows of 4,204, 4,204, 5,606, and 2,803 shares, plus 421 NACCO and 74 Hyster-Yale shares the same day. December 5, 2025: a Hamilton Beach set of 6,885, 6,885, 6,884, and 1,721. May 29, 2026: three identical 5,561-share Hamilton Beach gifts plus 590, alongside 97 and 352 Hyster-Yale shares. The repetition of near-identical amounts within each cluster is the arithmetic fingerprint of equal distributions — the same stake divided among multiple recipients or trust capacities — and the year-end timing matches how family wealth planning actually operates. Read together, the clusters describe equity descending through a family structure without ever touching the open market.