Securetech (SCTH) CEO gifts 50,000 shares, retains 115,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Securetech Innovations, Inc. President and CEO Sitra J. Scott reported a bona fide gift of 50,000 shares of common stock on March 18, 2026. This is classified as a gift transfer, not an open-market sale. After the transaction, Scott directly owns 115,000 shares of Securetech common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares gifted
Mixed
1 txn
Insider
SITRA J SCOTT
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $0.001 par value | 50,000 | $6.02 | $301K |
Holdings After Transaction:
Common Stock, $0.001 par value — 115,000 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Securetech Innovations (SCTH) report for Sitra J. Scott?
Securetech Innovations reported that President and CEO Sitra J. Scott made a bona fide gift of 50,000 shares of common stock. The Form 4 classifies this as a gift transfer, not a market sale or purchase.
Was the Securetech (SCTH) insider transaction a buy or sell in the open market?
The Securetech insider transaction was neither a market buy nor a market sell. The Form 4 uses transaction code G and describes it as a bona fide gift, meaning shares were transferred without an open-market trade.
What does transaction code G mean in the Securetech (SCTH) Form 4 filing?
Transaction code G in the Securetech Form 4 indicates a bona fide gift. In this case, it shows that 50,000 shares of common stock were transferred as a gift by insider Sitra J. Scott rather than bought or sold on the market.
Does the Securetech (SCTH) Form 4 show any option exercises or derivative trades?
The Securetech Form 4 does not show any option exercises or derivative trades. It reports only a single non-derivative transaction: a bona fide gift of 50,000 shares of common stock, with no derivative positions listed in the derivative summary.