David Reichman - Dec 29, 2022 Form 4 Insider Report for GLOBAL TECH INDUSTRIES GROUP, INC. (GTII)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ David Reichman
Stock symbol
GTII
Transactions as of
Dec 29, 2022
Transactions value $
$31,932,281
Form type
4
Date filed
5/9/2023, 07:23 PM
Previous filing
Dec 15, 2022
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTII Common Stock Award $31.9M +21.3M +54.88% $1.50 60.1M Dec 29, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Common Stock granted and approved by Global Tech Industries Group, Inc.'s Board of Directors in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934 (the "Act"), and as such, the sale is exempt from section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
F2 The cost basis for the issuances is $1.50, which was the closing price on December 29, 2022.