Entity tied to Giftify (GIFT) sells 17,610 common shares in market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Giftify, Inc. insider filing shows an open-market sale of 17,610 common shares. The shares were sold on February 26, 2026 at a weighted average price of $0.934 per share, in multiple trades within a price range of $0.90 to $0.98.
The stock is owned directly by Interactive Communications International, Inc., a wholly owned subsidiary of HI Technology Corp. Voting and dispositive control over these securities is held by Merrill Brooks Smith, with HI Technology Corp and Smith each disclaiming beneficial ownership beyond any pecuniary interest. After this transaction, Interactive Communications International, Inc. holds 2,577,760 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,610 shares ($16,448)
Net Sell
1 txn
Insider
Interactive Communications International, Inc., HI Technology Corp, Smith Merrill Brooks
Role
Insider | Insider | Insider
Sold
17,610 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 17,610 | $0.934 | $16K |
Holdings After Transaction:
Common Stock — 2,577,760 shares (Direct)
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.90 to $0.98, inclusive. The reporting persons undertake to provide to the SEC, Giftify, Inc., or any securityholder of Giftify, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above. These shares are owned directly by Interactive Communications International, Inc., which is a wholly-owned, direct subsidiary of HI Technology, Corp ("HIT"). The voting and dispositive control over the reported securities is held by Merrill Brooks Smith ("Smith"), the CEO and principal shareholder of HIT. Each of HIT and Smith disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that either of them is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.
FAQ
What did the latest Form 4 for Giftify (GIFT) report?
The Form 4 reports an open-market sale of 17,610 shares of Giftify common stock. The transaction occurred on February 26, 2026, and was executed at a weighted average price of $0.934 per share across multiple trades within a narrow price range.
Were the Giftify (GIFT) Form 4 sales made at a single price or multiple prices?
The sales were executed at multiple prices, not a single price. The filing states a weighted average sale price of $0.934 per share, with individual trades occurring between $0.90 and $0.98 per share across the full set of reported transactions.