Global Industrial (GIC) Insider: 9,255 Options Exercised and Sold

Rhea-AI Filing Summary

Thomas Axmacher, Vice President & Controller of Global Industrial Company (GIC), reported transactions dated 09/04/2025. He exercised 9,255 employee stock options with an exercise price of $23.72 and simultaneously sold 9,255 shares at $37.50 per share. After these transactions Axmacher beneficially owns 8,024 shares of GIC.

The options were part of a grant dated 01/17/2019 with a four‑year vesting schedule (25% vesting each anniversary). The Form 4 was signed by Axmacher via attorney‑in‑fact on 09/08/2025. All details reported are limited to the exercise and sale and the resulting post‑transaction ownership.

Positive

• None.

Negative

• Insider sale: Reporting person sold 9,255 shares at $37.50, reducing direct beneficial ownership to 8,024 shares.
• Liquidity realization: Immediate sale following option exercise suggests realized proceeds were taken, but no 10b5‑1 plan or purpose was disclosed in the filing.

Insights

Corporate Governance Expert

TL;DR: Insider exercised vested options and sold the resulting shares, reducing direct holdings to 8,024 shares.

The filing documents a routine option exercise from a 2019 grant that vested on schedule and an immediate sale of the same number of shares. This is consistent with scheduled vesting and potential personal liquidity needs; the filing does not state any 10b5‑1 plan. The report provides clear numbers: 9,255 options exercised at $23.72, sale at $37.50, and post‑trade ownership of 8,024 shares.

Securities Analyst

TL;DR: Transaction is a non‑exceptional insider exercise and sale with disclosed prices and resulting share count.

From a market perspective the filing shows realized proceeds from an exercise and sale (exercise price $23.72; sale price $37.50 for 9,255 shares). The filing contains no statement of a trading plan or proceeds use, and no derivative holdings remain from this option grant. The reported amounts are explicit and allow precise calculation of gross proceeds but no further financial context is provided.

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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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)
09/04/2025

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	09/04/2025		M		9,255	A	$23.72	17,279	D
Common Stock	09/04/2025		S		9,255	D	$37.5	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
Employee Stock Option (right to buy)	$23.72	09/04/2025		M			9,255	(1)	01/17/2029	Common Stock	9,255	$0	0	D

Explanation of Responses:

1. The Employee Stock Option (right to buy) granted on January 17, 2019 have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates of the grant date.

Remarks:

	/s/ Thomas Axmacher by April Gruder as Attorney-in-Fact	09/08/2025
	** 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 transactions did Thomas Axmacher report for GIC?

He exercised 9,255 employee stock options at $23.72 and sold 9,255 shares at $37.50 on 09/04/2025.

How many GIC shares does Axmacher beneficially own after the transactions?

He beneficially owns 8,024 shares following the reported transactions.

What was the grant date and vesting schedule for the exercised options?

The option grant was dated 01/17/2019 and had a four‑year vesting schedule with 25% vesting on each anniversary.

Was a 10b5‑1 trading plan or amendment disclosed in the Form 4?

No 10b5‑1 plan or trading plan is disclosed in the provided Form 4 content.

What were the exercise and sale prices reported?

Exercise price: $23.72 per share; Sale price: $37.50 per share for 9,255 shares.