Global Interactive insider reports share holdings
Global Interactive Technologies, Inc. insider filings show existing ownership positions rather than new trades.
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
3
Rhea-AI Filing Summary
Global Interactive Technologies, Inc. insider filings show existing ownership positions rather than new trades. The Form 3 reports 3,038,309 shares of common stock as indirectly held and 3,897,555 shares as directly held as of the reported date. Footnotes explain that some shares are held by family members and by Sewang Co., Ltd., an entity controlled by Hang Muk Shin, and that each reporting person disclaims beneficial ownership beyond their pecuniary interest.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Shin Hang Muk, Sewang Co., Ltd.
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Common Stock, par value $0.001 | -- | -- | -- |
| Holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings:
Common Stock, par value $0.001 — 3,897,555 shares (Direct);
Common Stock, par value $0.001 — 3,038,309 shares (Indirect, See Footnote)
Footnotes (2)
- F1. Represents shares of common stock beneficially owned by Hang Muk Shin, including shares held by his spouse (Taehee Kim) and children (Yi Jun Shin and Yi Hyeon Shin), over which Hang Muk Shin exercises voting and dispositive power. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest therein.
- F2. Represents shares of common stock held by Sewang Co., Ltd., an entity controlled by Hang Muk Shin. Hang Muk Shin may be deemed to have indirect beneficial ownership of these shares by virtue of his control of Sewang Co., Ltd. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest therein.
Key Figures
Indirect common shares held: 3,038,309 shares
Direct common shares held: 3,897,555 shares
Reporting persons: 2
+1 more
4 metrics
Indirect common shares held
3,038,309 shares
Common Stock holdings as of 2023-12-07; indirect ownership entry
Direct common shares held
3,897,555 shares
Common Stock holdings as of 2023-12-07; direct ownership entry
Reporting persons
2
Hang Muk Shin and Sewang Co., Ltd. listed as ten percent owners
Holding entries
2
Transaction summary shows two holding entries and no buy/sell codes
Key Terms
beneficial ownership, voting and dispositive power, indirect beneficial ownership, ten percent owner, +1 more
5 terms
beneficial ownership financial
"Represents shares of common stock beneficially owned by Hang Muk Shin, including shares held by his spouse"
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.
voting and dispositive power financial
"over which Hang Muk Shin exercises voting and dispositive power"
indirect beneficial ownership financial
"may be deemed to have indirect beneficial ownership of these shares by virtue of his control"
ten percent owner financial
"is_ten_percent_owner": 1"
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Global Interactive Technologies (GITS) Form 3 disclose?
The Form 3 discloses existing ownership of Global Interactive Technologies common stock. It reports 3,038,309 shares as indirectly held and 3,897,555 shares as directly held, establishing baseline insider ownership rather than recording recent stock purchases or sales.
Who are the reporting persons in the GITS Form 3 filing?
The reporting persons are Hang Muk Shin and Sewang Co., Ltd.. Hang Muk Shin is identified as a ten percent owner, and Sewang Co., Ltd. is also listed as a ten percent owner, reflecting significant ownership stakes in Global Interactive Technologies common stock.
What is the role of Sewang Co., Ltd. in GITS ownership?
Sewang Co., Ltd. holds shares of Global Interactive Technologies common stock and is controlled by Hang Muk Shin. The footnote states that Hang Muk Shin may be deemed to have indirect beneficial ownership of these shares through his control of Sewang Co., Ltd., subject to pecuniary interest limits.
How does the GITS Form 3 describe beneficial ownership and control?
The Form 3 explains that some shares are held by Hang Muk Shin’s spouse and children and by Sewang Co., Ltd., which he controls. It notes he exercises voting and dispositive power, while each reporting person disclaims beneficial ownership beyond the extent of their pecuniary interest.
Does the GITS Form 3 reflect recent insider buying or selling?
The Form 3 functions as an initial statement of beneficial ownership, listing existing direct and indirect holdings. It does not identify specific buy or sell transaction codes, so it primarily establishes baseline positions instead of detailing recent trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
