Form 4/A: Giftify CFO Reports Open-Market Purchases of 1,401 Shares
Rhea-AI Filing Summary
Insider purchases in Giftify, Inc. The amendment to Form 4 shows Steve Handy, the company's Chief Financial Officer, acquired a total of 1,401 shares of Giftify common stock in open-market transactions at an average price of $1.055 per share. The reported transactions include purchases recorded with trade dates of August 15, 2025 (1,281 shares at $1.05) and August 18, 2025 (120 shares at $1.06). Following these purchases, the filing reports beneficial ownership of approximately 218,200 shares. The Form 4/A is signed by Mr. Handy on August 20, 2025, and notes the shares were acquired in the open market.
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Insights
TL;DR: Routine small open-market insider purchases; limited material impact on valuation.
The CFO purchased 1,401 shares at an average price of $1.055, increasing reported beneficial ownership to about 218,200 shares. These open-market acquisitions are modest in size relative to typical company market caps and appear to be personal purchases rather than part of a scheduled 10b5-1 plan (no plan box checked). For investors, the transactions signal some insider buying interest but do not constitute a material change to share count or control. No convertible or derivative securities were reported.
TL;DR: Filing is a standard amended disclosure of insider trading with clear open-market purchase details.
The Form 4/A properly discloses the CFO's purchases, includes transaction codes and prices, and is signed. The amendment updates earlier reporting and supplies an explanatory remark that 1,401 shares were acquired in the open market at an average price of $1.055. From a governance perspective, the filing meets disclosure obligations and contains no indication of related-party transactions, transfers, or derivative activity that would raise immediate governance concerns.