Form 4: Global Tech Industries Group President Kathy Griffin Cancels 8,432,848 Shares
SEC Form 4
Kathy Griffin, President of Global Tech Industries Group, cancels 8,432,848 shares of common stock pursuant to a Stock Cancellation Agreement.
Summary
- On June 11, 2024, Global Tech Industries Group, Inc. entered into a Stock Cancellation Agreement with Kathy M. Griffin.
- Pursuant to the agreement, 8,432,848 shares of the company's common stock were canceled.
- These shares, with a par value of $0.001 per share, are no longer issued and outstanding.
- The shares were previously issued to Kathy Griffin on or about January 25, 2023.
- Following the transaction, Kathy Griffin beneficially owns 13,303,084 shares.
Sentiment
Score: 5
Explanation: The document describes a stock cancellation, which is a neutral event without further context. The sentiment is therefore rated as neutral.
Industry Context
Stock cancellations can be part of corporate restructuring or capital management strategies. It's important to consider the context of GTII's overall financial strategy and market conditions.
Key Dates
| Date | Description |
|---|---|
| 01/25/2023 | Shares were previously issued to Kathy Griffin on or about this date. |
| 06/11/2024 | Date of Stock Cancellation Agreement and cancellation of 8,432,848 shares. |
| 07/12/2024 | Date of signature on the Form 4 filing. |
Keywords
Stock Cancellation, Beneficial Ownership, Common Stock, GTII, Global Tech Industries Group, Kathy Griffin, Form 4
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