Global Industrial (GIC) CFO Clark Thomas Exercises Options, Sells 17,500 Shares

What Happened
Clark Thomas Eugene, Chief Financial Officer of Global Industrial Co. (GIC), exercised 17,500 stock options at an exercise price of $6.02 (cost $105,350) on August 6, 2026, and concurrently sold 17,500 shares in the open market for a weighted average price of $39.14, generating proceeds of about $684,962. The sequence represents an option exercise followed by an immediate sale (a cashless exercise).

Key Details

• Transaction date: August 6, 2026. Form filed Aug 10, 2026 (timely under the two-business-day rule).
• Option exercise (code M): 17,500 shares at $6.02 = $105,350 (amount paid).
• Open-market sale (code S): 17,500 shares at weighted avg $39.14 ≈ $684,962 (proceeds). Broker-reported sale prices ranged from $38.75 to $39.675 (see footnote F1).
• The filing also lists the derivative disposal related to the exercised options (matching 17,500 shares at $6.02).
• Shares owned after the transaction: not specified in the excerpts provided.
• Relevant footnotes: F1 explains the weighted-average sales price and that breakdown by price per share is available on request; F2 notes the options were originally granted Nov 10, 2016 with a four-year vesting schedule.

Context

• This was an exercise of previously granted options followed by an immediate sale of the resulting shares (cashless exercise), common for covering exercise cost and taxes.
• Sales by executives are routine disclosures and do not, by themselves, indicate the insider’s view of the company’s prospects.