Giftify Insider Purchase: CFO Acquires 18,664 Shares at $1.06
Rhea-AI Filing Summary
Steve Handy, Chief Financial Officer of Giftify, Inc. (GIFT), reported an open-market purchase of 18,664 shares of the company's common stock on 08/21/2025 at $1.06 per share. After the purchase, Mr. Handy beneficially owned 236,864 shares. The Form 4 shows the transaction was executed in the open market and is reported on a standalone basis by one reporting person.
This filing documents a routine insider acquisition by an officer rather than a grant or derivative exercise, increasing the officer's direct holdings by 18,664 shares at the stated price.
Positive
- Insider purchase disclosed: 18,664 shares acquired in the open market
- Officer-level buyer: Reporting person identified as CFO (Steve Handy)
- Clear post-transaction ownership: 236,864 shares beneficially owned following the trade
Negative
- None.
Insights
TL;DR: CFO bought 18,664 shares in open market at $1.06, raising direct holdings to 236,864 shares.
The transaction is a straightforward open-market purchase by an executive, documented on Form 4. The size of the purchase and the resulting ownership stake are explicitly stated: 18,664 shares acquired at $1.06 and 236,864 shares owned after the trade. There are no derivatives, option exercises, or other compensation-related elements disclosed. From a market-impact perspective, the filing records insider activity but does not, by itself, convey material corporate events, financing, or governance changes.
TL;DR: Officer-level open-market purchase disclosed; standard compliance with Section 16 reporting.
The Form 4 properly identifies the reporting person, relationship to the issuer (CFO), transaction date (08/21/2025), and method (open market). The filing includes the required signature and a brief explanatory remark confirming the shares were purchased on the open market at $1.06 each. This is a routine insider disclosure that satisfies Section 16 reporting obligations and contains no indications of related-party transactions or plan-based trades.