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Global Industrial (GIC) VP & Controller Acquires 277 Shares Under ESPP

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Thomas Axmacher, VP & Controller of Global Industrial Company (GIC), voluntarily reported an acquisition of the issuer's common stock under the company's Employee Stock Purchase Plan (ESPP). The Form 4 discloses a transaction dated 09/02/2025 in which 277 shares were acquired at a reported price of $27.5825, resulting in 8,024 shares beneficially owned following the transaction. The filing states the ESPP purchase was exempt under Rule 16b-3(c) and that the shares were purchased based on 85% of the closing price on September 3, 2024. The Form 4 is signed by Thomas Axmacher by attorney-in-fact on 09/03/2025.

Positive

  • 277 shares acquired under the Global Industrial Company ESPP on 09/02/2025
  • Transaction exempt under Rule 16b-3(c) as stated in the filing
  • Post-transaction beneficial ownership disclosed: 8,024 shares

Negative

  • None.

Insights

TL;DR: Routine ESPP purchase: insider acquired a small number of shares under the company plan; no material change to ownership.

The reported transaction is a non-derivative acquisition of 277 common shares at $27.5825 via the Global Industrial Company ESPP, noted as exempt under Rule 16b-3(c). The filing shows total beneficial ownership of 8,024 shares after the purchase. This is a standard employee stock purchase plan transaction voluntarily reported by an officer, with no derivative activity or disposition reported on this Form 4.

TL;DR: Proper disclosure of ESPP purchase by an officer; procedural compliance appears intact.

The Form 4 identifies the reporting person as VP & Controller and discloses the acquisition under the ESPP with the explanatory note that the transaction is exempt under Rule 16b-3(c). The form is signed by the reporting person via attorney-in-fact and provides the transaction date, share count, price, and post-transaction beneficial ownership, which satisfies the informational elements expected in Section 16 reporting.

Insider AXMACHER THOMAS
Role VP & Controller
Type Security Shares Price Value
Other Common Stock 277 $27.5825 $8K
Holdings After Transaction: Common Stock — 8,024 shares (Direct)
Footnotes (1)
  1. 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 September 2, 2025. This transaction is exempt under Rule 16b-3(c). In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on Sept. 3, 2024.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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)
09/02/2025
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 09/02/2025 J(1) V 277 A $27.5825(2) 8,024 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. 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 September 2, 2025. This transaction is exempt under Rule 16b-3(c).
2. In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on Sept. 3, 2024.
Remarks:
/s/ Thomas Axmacher by April Gruder as Attorney-in-Fact 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Thomas Axmacher report on Form 4 for GIC?

The filing reports the acquisition of 277 shares of Global Industrial Company common stock under the ESPP.

When was the ESPP transaction executed and reported?

The transaction date is 09/02/2025 and the Form 4 was signed/reported on 09/03/2025.

At what price were the shares purchased under the ESPP?

The reported purchase price is $27.5825 per share, reflecting the ESPP pricing method noted in the filing.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 discloses 8,024 shares beneficially owned following the reported acquisition.

Was this transaction part of a Rule 10b5-1 plan or otherwise exempt?

The filing states the transaction is exempt under Rule 16b-3(c) and was made pursuant to the company ESPP.