Bruce Leeds - 26 Nov 2024 Form 4 Insider Report for GLOBAL INDUSTRIAL Co (GIC)

Footnote F1

The shares are owned by the Paul Leeds Marital Tru/A DTD 10/24/2006 FBO Roberta Leeds, for which the reporting person acts as co-trustee. The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.

Footnote F2

Includes, an aggregate of 9,944,429 shares owned by trusts for the benefit of reporting person's family for which the reporting person acts as trustee or co-trustee as described in Footnote Nos. 2 and 3: 3,802,736 shares owned by the Robert Leeds 2008 Family Trust; 3,157,595 shares owned by the Richard Leeds 2008 Family Trust; 620,000 shares owned by the Jamie Lynn Meltsner 2021 Trust; 620,000 shares owned by the Stacey Leeds Cohen 2021 Trust; 620,000 shares owned by the Steven Leeds 2021 Trust; 440,557 shares owned by the Robert Leeds Irrevocable Trust; 439,047 shares owned by the Richard Leeds Irrevocable Trust; 171,976 shares owned by the Richard Leeds 2011 Family Trust; 18,358 shares owned by the Robert Leeds 2011 Family Trust;

Footnote F3

[continuation of Footnote No. 2] 16,667 shares owned by the Jamie Leeds Trust UA Dtd 5/2/2008; 16,667 shares owned by the Stacey Leeds Trust UA Dtd 7/8/2008; 16,666 shares owned by the Steven Leeds Trust UA Dtd 5/2/2008; 2,080 shares owned by the Paul Leeds GSTTr U/A Dtd 10/24/2006 FBO Nancy Leeds; and 2,080 shares owned by the Paul Leeds GST Tr U/A Dtd 10/24/2006 FBO David Leeds. The reporting person disclaims beneficial ownership of all such shares described in this Footnote Nos. 2 and 3 except to the extent of his pecuniary interest therein.

Footnote F4

These shares are owned by grantor retained annuity trust, of which the reporting person is the settlor and trustee.

Footnote F5

Includes, 139,800 shares owned by Aspire Partners L.P., the general partner of which is limited liability company equally owned by the reporting person and two other members; and 238,583 shares owned by Generation Partners, L.P., the general partner of which is a limited liability company equally owned by the reporting person and two other members. The reporting person disclaims beneficial ownership of all such shares described in this footnote except to the extent of his pecuniary interest therein.

Footnote F6

Shares owned by 2nd Generation Partners LLC, a limited liability company equally owned by the reporting person and two other members. The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.