Form 4: Global Tech Industries Group Director Sells Shares Under 10b5-1 Plan

Frank Benintendo, a director and officer of Global Tech Industries Group, sold 7,882 shares of common stock at $0.1505 per share on May 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 15, 2024, Frank Benintendo, a director and Secretary of Global Tech Industries Group, Inc. (GTII), sold 7,882 shares of common stock.
• The sale was executed at a price of $0.1505 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan.
• Following the transaction, Benintendo directly owns 8,700,391 shares of GTII common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information. Therefore, the sentiment is neutral.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, GTII, Global Tech Industries Group, Frank Benintendo, share sale, 10b5-1 trading plan, director, officer, common stock, beneficial ownership