Global Industrial (GIC) VP logs ESPP share buy and tax-related disposals

Rhea-AI Filing Summary

AXMACHER THOMAS reported disposition transactions in this Form 4 filing.

GLOBAL INDUSTRIAL Co VP & Controller Thomas Axmacher reported several stock transactions dated March 2, 2026. He surrendered a total of 183 shares of common stock at $32.98 per share to cover tax liabilities from vesting restricted stock units granted in 2023, 2024, and 2025. He also acquired 274 shares through the company’s Employee Stock Purchase Plan at an effective price of about $28.6365 per share, set at 85% of that day’s closing price, and now directly holds 9,213 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

AXMACHER THOMAS

(Last) (First) (Middle)

C/O GLOBAL INDUSTRIAL COMPANY

11 HARBOR PARK DRIVE

(Street)

PORT WASHINGTON NY 11050

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GLOBAL INDUSTRIAL Co [ GIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Controller

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		F		44(1)	D	$32.98	9,078	D
Common Stock	03/02/2026		F		30(2)	D	$32.98	9,048	D
Common Stock	03/02/2026		F		109(3)	D	$32.98	8,939	D
Common Stock	03/02/2026		J(4)	V	274	A	$28.6365(5)	9,213	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 21, 2023.

2. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 28, 2024.

3. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 25, 2025.

4. The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Global Industrial Company (f/k/a Systemax Inc.) Employee Stock Purchase Plan ("ESPP") on March 2, 2026. This transaction is exempt under Rule 16b-3(c).

5. In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on March 2, 2026.

Remarks:

	/s/ Thomas Axmacher by April Gruder as Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did GIC executive Thomas Axmacher report?

Thomas Axmacher reported tax-related share surrenders and an ESPP purchase on March 2, 2026. He surrendered 183 common shares to pay tax on vested RSUs and acquired 274 shares through the Employee Stock Purchase Plan at a discounted price under Rule 16b-3(c).

How many Global Industrial (GIC) shares did the VP & Controller dispose of?

He disposed of 183 Global Industrial common shares to cover tax liabilities. These were linked to vesting time-based restricted stock unit awards originally granted in February 2023, February 2024, and February 2025, with the disposition price reported as $32.98 per share.

What price did Thomas Axmacher pay for GIC shares under the ESPP?

He acquired 274 Global Industrial shares at an effective price of about $28.6365 per share. The ESPP purchase price was set at 85% of the March 2, 2026 closing price of the company’s common stock, as described in the footnotes.

How many Global Industrial (GIC) shares does Thomas Axmacher now hold?

After the reported transactions, Thomas Axmacher directly holds 9,213 shares of Global Industrial common stock. This figure reflects both the tax-withholding share surrenders and the new shares acquired through the Employee Stock Purchase Plan on March 2, 2026.

Why were some of Thomas Axmacher’s GIC shares surrendered?

Shares were surrendered to pay tax liabilities arising when restricted stock unit awards vested. The RSUs were originally granted in February 2023, 2024, and 2025, and the tax-withholding dispositions used shares valued at $32.98 each instead of separate cash payments.

Is the ESPP transaction for GIC shares exempt under Rule 16b-3?

Yes, the filing states the ESPP acquisition is exempt under Rule 16b-3(c). The company’s Employee Stock Purchase Plan allowed the executive to buy shares at 85% of the March 2, 2026 closing price, and this compliant plan transaction received exempt treatment.