David Reichman - Oct 3, 2022 Form 4/A - Amendment 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
Oct 3, 2022
Transactions value $
-$510,434
Form type
4/A - Amendment
Date filed
5/9/2023, 08:04 PM
Date Of Original Report
Mar 30, 2023
Previous filing
Jun 28, 2022
Next filing
Dec 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTII Common Stock Sale -$197K -32.4K -0.08% $6.10 38.8M Oct 3, 2022 Direct F1, F2
transaction GTII Common Stock Sale -$130K -32.4K -0.08% $4.00 38.8M Nov 1, 2022 Direct F1, F2
transaction GTII Common Stock Sale -$34K -32.4K -0.08% $1.05 38.8M Dec 1, 2022 Direct F1, F2
transaction GTII Common Stock Sale -$39.7K -32.4K -0.05% $1.23 60M Jan 3, 2023 Direct F1, F2, F3
transaction GTII Common Stock Sale -$64.7K -32.4K -0.05% $2.00 60M Feb 1, 2023 Direct F1, F2, F3
transaction GTII Common Stock Sale -$45K -32.4K -0.05% $1.39 60M Mar 1, 2023 Direct F1, F2, F3
* 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 On March 30, 2023, the reporting person filed a Form 4 which inadvertently reported a "Deemed Execution Date", under column 2A.
F2 On March 30, 2023, the reporting person filed a Form 4 which also inadvertently reported the incorrect "Transaction Code", under column 3. Furthermore, the transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on June 23, 2022.
F3 On March 30, 2023, the reporting person filed a Form 4 which also inadvertently reported an inaccurate number of shares of common stock beneficially owned by the reporting person following each reported transaction. In fact, as reported in this amendment, the reporting person owned 21,288,187 more shares of common stock than was reported after each transaction.