| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GTII | Common Stock | Disposed to Issuer | -8.43M | -38.8% | 13.3M | Jun 11, 2024 | Direct | F1, F2 |
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).
| Id | Content |
|---|---|
| F1 | On June 11, 2024, Global Tech Industries Group, Inc. (the "Company") entered into a Stock Cancellation Agreement with the Reporting Person pursuant to which 8,432,848 shares of the Company's common stock, $0.001 par value per share (the "Shares"), were canceled and are no longer issued and outstanding. The Shares were previously issued by the Company to the Reporting Person on or about January 25, 2023. |
| F2 | The amount reflects the correct total after the presented transaction. |