Bohm Elliot 4
Research Summary
AI-generated summary
GIFTIFY Director Elliot Bohm Receives 250,000-Share Award
What Happened
- Elliot Bohm, a director of GIFTIFY, INC. (GIFT) and CEO of CardCash Exchange, was granted 250,000 restricted shares on February 2, 2026. The grant price is recorded at $1.05 per share, for a notional value of $262,500. This was an award/grant (not an open-market purchase or sale).
Key Details
- Transaction date: February 2, 2026; Filing date (Form 4): March 23, 2026.
- Grant: 250,000 restricted common shares at $1.05 per share (total $262,500).
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: The award was granted in connection with the board’s evaluation of the issuer’s 2025 performance and vests in equal monthly amounts over 36 months.
- Transaction type: A = Award/Grant (restricted stock); not a sale or purchase in the open market.
Context
- Restricted share awards are typically retention/compensation incentives; vesting over three years means the shares convert to ownership gradually if vesting conditions are met.
- Such grants are routine executive/director compensation and do not, by themselves, indicate buying or selling sentiment in the market.