Afshin Luke Rahbari - Jul 9, 2024 Form 4 Insider Report for GLOBAL TECH INDUSTRIES GROUP, INC. (GTII)

Signature
/s/ Afshin Luke Rahbari
Stock symbol
GTII
Transactions as of
Jul 9, 2024
Transactions value $
$0
Form type
4
Date filed
7/26/2024, 05:00 PM
Previous filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTII Common Stock, $0.001 par value Award +8M +1333.33% 8.6M Jul 9, 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 On July 9, 2024, the Issuer issued 8,000,000 shares of its common stock to the Reporting Person pursuant to the terms of the employment agreement, dated as of July 2, 2024 (the "Agreement"), between the Reporting Person and the Issuer.