Giftify VP sells 1,000 shares at $1 via plan
A GIFTIFY, INC. vice president sold 1,000 shares under a pre-arranged Rule 10b5-1 trading plan and now holds 35,833 shares directly.
Rhea-AI Filing Summary
GIFTIFY, INC. (GIFT) reports that Timothy William Miller, Vice President, Sales, sold 1,000 shares of common stock on August 3, 2026 at $1.00 per share in an open market or private transaction. The sale was made under a Rule 10b5-1 trading plan adopted on February 6, 2025, which provides for monthly 1,000-share sales beginning March 1, 2025. After this sale, Miller directly holds 35,833 shares of GIFT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,000 shares
Net Sell
1 txn
Insider
Miller Timothy William
Role
Vice President, Sales
Sold
1,000 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $1.00 | $1K |
Holdings After Transaction:
Common Stock — 35,833 shares (Direct)
Key Figures
Shares sold: 1,000 shares
Sale price per share: $1.00 per share
Shares held after transaction: 35,833 shares
+1 more
4 metrics
Shares sold
1,000 shares
Common stock sale reported for August 3, 2026
Sale price per share
$1.00 per share
Price for the 1,000-share sale on August 3, 2026
Shares held after transaction
35,833 shares
Direct holdings of Timothy William Miller after the August 3, 2026 sale
Rule 10b5-1 plan adoption date
February 6, 2025
Date Mr. Miller entered into the trading plan with Merrill Lynch
Key Terms
Rule 10b5-1 Plan, open market or private transaction, beneficial ownership
3 terms
Rule 10b5-1 Plan regulatory
"Mr. Miller entered into a 10b5-1 Plan on February 6, 2025"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open market or private transaction market
"Sale in open market or private transaction"
beneficial ownership financial
"After this sale, Miller directly holds 35,833 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GIFT (GIFTIFY, INC.) report for Timothy William Miller?
GIFT reported that Vice President, Sales, Timothy William Miller sold 1,000 shares of GIFT common stock on August 3, 2026 in a sale described as an open market or private transaction, leaving him with 35,833 shares held directly.
Was the GIFT (GIFTIFY, INC.) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that Mr. Miller entered into a Rule 10b5-1 Plan on February 6, 2025 with Merrill Lynch, providing for sales of 1,000 shares on the first day of each month beginning March 1, 2025.
What is the role of Timothy William Miller at GIFT (GIFTIFY, INC.)?
The Form 4 identifies Timothy William Miller as an officer of GIFTIFY, INC. (GIFT), serving in the position of Vice President, Sales at the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.