Interactive Communications International, Inc. 4
Research Summary
AI-generated summary
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.