Giftify (GIFT) CEO receives 500,000-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Thakker Ketan reported acquisition or exercise transactions in this Form 4 filing.
GIFTIFY, INC. CEO and director Ketan Thakker reported an award of 500,000 shares of restricted common stock on February 2, 2026. The board granted these shares in connection with its evaluation of the company’s 2025 performance, with vesting in equal monthly installments over 36 months.
Following this equity grant, Thakker’s directly held common stock increased to 3,461,098 shares. This was a compensation-related stock award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thakker Ketan
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 500,000 | $1.05 | $525K |
Holdings After Transaction:
Common stock — 3,461,098 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GIFT (GIFTIFY, INC.) report for Ketan Thakker?
GIFT reported that CEO and director Ketan Thakker received an award of 500,000 shares of restricted common stock. The grant was approved by the board and is tied to its evaluation of the company’s 2025 performance, with shares vesting over time.
Is the GIFT (GIFTIFY, INC.) Form 4 transaction a stock purchase or an equity award?
The Form 4 transaction is an equity award, not an open-market stock purchase. The board granted 500,000 restricted shares to CEO Ketan Thakker as part of compensation linked to the review of GIFTIFY, INC.’s 2025 performance.