FRANK BENINTENDO - 29 Dec 2022 Form 4 Insider Report for GLOBAL TECH INDUSTRIES GROUP, INC. (GTII)

Role
Secretary, Director
Signature
/s/ Frank Benintendo
Issuer symbol
GTII
Transactions as of
29 Dec 2022
Transactions value $
$4,985,348
Form type
4
Filing time
09 May 2023, 19:27:40 UTC
Previous filing
22 Dec 2021
Next filing
09 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTII Common Stock Award $4,985,348 +3,323,565 +70.8% $1.50 8,015,644 29 Dec 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Common Stock granted and approved by Global Tech Industries Group, Inc.'s Board of Directors in accordance with Rule 16b-3(d)(1) of the Securities Exchange Act of 1934 (the "Act"), and as such, the sale is exempt from section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
F2 The cost basis for the issuances is $1.50, which was the closing price on December 29, 2022.