Miller Timothy William 4

What Happened Timothy W. Miller, Vice President, Sales of Giftify, sold a total of 4,000 shares in four transactions recorded as open-market/private sales (code S). The sales were:

• 2025-10-06: 1,000 shares @ $1.05 = $1,050
• 2025-11-06: 1,000 shares @ $1.04 = $1,040
• 2025-12-08: 1,000 shares @ $1.11 = $1,110
• 2026-01-02: 1,000 shares @ $1.07 = $1,070
  Total proceeds across these disposals: $4,270. These are sales (not purchases), which are often routine disposition of insider shares rather than a bullish signal.

Key Details

• Transaction dates and prices: see list above (all marked as S = sale).
• Shares owned after transaction: not specified in the filing.
• Footnote: Mr. Miller adopted a 10b5-1 trading plan on Feb 6, 2025 with Merrill Lynch that calls for selling 1,000 shares on the first day of each month commencing March 1, 2025; these reported sales are listed under that plan.
• Filing date: Form 4 filed Jan 28, 2026. The filing does not indicate a late filing status.

Context

• 10b5-1 plan: trades executed under a prearranged 10b5-1 plan are generally scheduled in advance and do not necessarily reflect the insider’s current view of the company.
• For retail investors: purchases typically carry more informational weight than routine sales; these small, scheduled sales totaling $4.3k appear to be routine plan-based dispositions rather than a large, ad hoc liquidation.