Interactive Communications International, Inc. 4
4 · GIFTIFY, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Giftify (GIFT) 10% Owner Sells 17,610 Shares
What Happened
Interactive Communications International, Inc. (listed as a 10% owner) sold 17,610 shares of Giftify, Inc. (GIFT) on February 26, 2026. The filing reports a weighted average sale price of $0.93 per share (range $0.90–$0.98) for total reported proceeds of $16,448. This was a sale (disposition), not a purchase.
Key Details
- Transaction date: 2026-02-26. Filing date: 2026-03-02. No late filing indication in the report.
- Sale type/code: Open market or private sale (S).
- Shares sold: 17,610; reported weighted-average price: $0.93; price range across trades: $0.90–$0.98. Reported proceeds: $16,448.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes: (F1) Price is a weighted average from multiple trades; the filer will provide per-trade prices on request. (F2) The shares are directly owned by Interactive Communications International, a wholly owned subsidiary of HI Technology, Corp (HIT); voting/dispositive control is held by Merrill Brooks Smith (CEO and principal shareholder of HIT), who and HIT disclaim beneficial ownership except to the extent of any pecuniary interest.
Context
This filing reports institutional/affiliate selling by a 10% owner rather than an executive issuing a personal trading signal. Sales by large shareholders can be routine portfolio or liquidity management; the filing is factual and does not state motive.
Insider Transaction Report
Form 4Exit
GIFTIFY, INC.GIFT
Transactions
- Sale
Common Stock
[F1][F2]2026-02-26$0.93/sh−17,610$16,448→ 2,577,760 total
Footnotes (2)
- [F1]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.90 to $0.98, inclusive. The reporting persons undertake to provide to the SEC, Giftify, Inc., or any securityholder of Giftify, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F2]These shares are owned directly by Interactive Communications International, Inc., which is a wholly-owned, direct subsidiary of HI Technology, Corp ("HIT"). The voting and dispositive control over the reported securities is held by Merrill Brooks Smith ("Smith"), the CEO and principal shareholder of HIT. Each of HIT and Smith disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that either of them is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.