Giftify VP sells 1,000 shares at $1 each
GIFTIFY’s vice president of sales sold 1,000 GIFT shares under a pre-set Rule 10b5-1 trading plan and now holds 37,833 shares directly.
Rhea-AI Filing Summary
GIFTIFY, INC. (GIFT) reported that Vice President of Sales Timothy William Miller sold 1,000 shares of common stock on June 10, 2026 at $1.00 per share. The sale was made in the open market under a Rule 10b5-1 trading plan adopted on February 6, 2025, leaving him with 37,833 directly held shares.
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 — 37,833 shares (Direct)
Key Figures
Shares sold: 1,000 shares
Sale price per share: $1.00 per share
Shares owned after transaction: 37,833 shares
+2 more
5 metrics
Shares sold
1,000 shares
Common stock sold by Timothy William Miller on June 10, 2026
Sale price per share
$1.00 per share
Open-market or private sale on June 10, 2026
Shares owned after transaction
37,833 shares
Directly held by Timothy William Miller following the sale
Planned monthly sale size
1,000 shares
Amount to be sold on the first day of each month under 10b5-1 Plan
10b5-1 Plan adoption date
February 6, 2025
Date Miller entered into the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 Plan, open market, Form 4
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 market
"Sale in open market or private transaction"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GIFT (GIFTIFY, INC.) disclose in this Form 4?
The company disclosed that Vice President of Sales Timothy William Miller sold 1,000 shares of GIFT common stock on June 10, 2026 at $1.00 per share in an open-market transaction.
Was the GIFT insider sale made under a Rule 10b5-1 trading plan?
Yes. Timothy William Miller entered into a Rule 10b5-1 Plan on February 6, 2025, providing for sales of 1,000 shares on the first day of each month starting March 1, 2025, and the filing affirms plan status.
What is the role of the reporting person in GIFT (GIFTIFY, INC.)?
The reporting person, Timothy William Miller, is identified as an officer of GIFTIFY, INC., serving as Vice President, Sales, according to the Form 4 disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.