Global Industrial (GIC) Insider Report: 4,165 Shares Surrendered for Taxes

Rhea-AI Filing Summary

Manoj Shetty, Senior Vice President & Chief Information Officer of Global Industrial Company (GIC), reported a sale-related transaction on 08/27/2025. The filing shows 4,165 shares of Common Stock were disposed of at $37.77 per share. The form states these shares were surrendered to satisfy tax withholding obligations tied to the vesting of a time-based restricted stock unit award originally granted on August 27, 2024. After the transaction, Mr. Shetty beneficially owned 33,069 shares, held directly. The Form 4 was signed by an attorney-in-fact on 08/28/2025.

Insights

Financial Analyst

TL;DR: Routine tax-related surrender of vested RSUs; no new purchases or additional departures reported.

The reported disposition of 4,165 shares appears to be a common post-vesting tax withholding action rather than an open-market sale for liquidity. The transaction reduces the reporting person's direct holdings to 33,069 shares. There is no indication of additional sales, option exercises, or derivative transactions in this filing. For investors, this is a routine insider reporting item and does not, on its face, signal a change in company strategy or executive status.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting; transaction is administrative and not governance-related.

The Form 4 discloses a surrender of shares to cover tax liabilities from vested RSUs granted a year earlier. The reporting person retains officer status as SVP & Chief Information Officer, and the filing was executed via attorney-in-fact, a permissible administrative practice. No indications of policy breaches, unusual timing, or coordination with other insiders are present in this single filing.

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
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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^*

Shetty Manoj

(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)
	SVP & Chief Information Ofc.

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		F		4,165(1)	D	$37.77	33,069	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 August 27, 2024.

Remarks:

	/s/ Manoj Shetty by April Gruder as Attorney-in-Fact	08/28/2025
	** 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.

FAQ

What did GIC insider Manoj Shetty report on Form 4?

The filing reports the disposition of 4,165 shares on 08/27/2025, surrendered to cover taxes from RSU vesting.

How many shares does Manoj Shetty own after the transaction (GIC)?

After the reported transaction, Mr. Shetty beneficially owned 33,069 shares of Global Industrial Company common stock.

What was the price associated with the disposed shares in the Form 4?

The disposed shares are reported at a price of $37.77 per share.

Why were the 4,165 shares surrendered according to the filing?

The filing states the shares were surrendered to satisfy a tax liability incident to the vesting of a time-based RSU award granted on August 27, 2024.

When was the Form 4 signed and by whom?

The Form 4 was signed by an attorney-in-fact on behalf of Manoj Shetty on 08/28/2025.