Carsten Falk - Feb 28, 2024 Form 4 Insider Report for Quality Industrial Corp. (QIND)

Signature
/s/ Carsten Falk
Stock symbol
QIND
Transactions as of
Feb 28, 2024
Transactions value $
-$2,262
Form type
4
Date filed
2/28/2024, 04:00 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QIND Common Stock Disposed to Issuer -$2.26K -19.7K -0.44% $0.12 4.5M Feb 28, 2024 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 unless volume. Proceeds from sale will be utilized to pay for reporting person's child school tuition. The plan has ended.