Carsten Falk - Jan 4, 2023 Form 4 Insider Report for Quality Industrial Corp. (QIND)

Signature
/s/ Carsten Falk
Stock symbol
QIND
Transactions as of
Jan 4, 2023
Transactions value $
-$4,640
Form type
4
Date filed
1/8/2024, 04:00 PM
Previous filing
Apr 10, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QIND Common Stock Disposed to Issuer -$2.63K -25K -0.46% $0.11 5.43M Jan 4, 2023 Direct F1
transaction QIND Common Stock Disposed to Issuer -$2.01K -16.3K -0.3% $0.12 5.41M Jan 5, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reporting persons shares have been sold through a 10b5-1 plan setup on September 26, 2023. Shares are not to be sold below the closing price of the previous trading day and with a maximum of 25,000 per day. Proceeds from sale will be utilized to pay for reporting person's child school tuition.