Giftify (GIFT) VP Miller sells shares worth $5390

Giftify, INC. (GIFT) Vice President of Sales Timothy William Miller reported selling shares of common stock in multiple transactions, with a total value of $5390. The sales occurred between March 6, 2025, and May 6, 2025, with prices ranging from $1.67 to $1.97 per share. The stock, currently trading at $1.23, has declined 68% over the past year, according to InvestingPro data.

According to a Form 4 filing with the Securities and Exchange Commission, Miller sold 1,000 shares on March 6, 2025, at $1.97 per share, another 1,000 shares on April 7, 2025, at $1.75 per share, and a final 1,000 shares on May 6, 2025, at $1.67 per share.

The report also indicates that Miller acquired shares of common stock on multiple occasions between March 23, 2022, and April 23, 2024, with a total value of $155393 and prices ranging from $0.8 to $4.0 per share.

Following these transactions, Miller directly owns 87498 shares of Giftify, INC. common stock.

Mr. Miller entered into a 10b5-1 Plan on February 6, 2025, with Merrill Lynch under which he sells 1,000 shares on the first day of each month commencing March 1, 2025.

In other recent news, Giftify, Inc. announced the acquisition of TakeOut7, a restaurant technology company, in an all-stock deal involving 350,000 shares of Giftify common stock. This acquisition aims to enhance Giftify’s digital commerce ecosystem by integrating online ordering and AI-powered marketing solutions, expanding its reach to over 185,000 restaurants nationwide. The move is expected to contribute positively to Giftify’s financial performance, targeting a $1.5 billion restaurant digital marketing market. In another development, Giftify’s subsidiary, CardCash Exchange, Inc., has restructured its debt with Pathward, reducing the principal amount from $10 million to $7 million. The new arrangement involves an interest rate linked to the Wall Street Journal’s prime rate, plus 3%, with a minimum effective rate of 6.50% per annum. This restructuring is part of Giftify’s strategy to optimize its financial structure and maintain operational flexibility. The debt is secured by CardCash’s assets, with a maximum loan amount capped at $7 million. These recent developments reflect Giftify’s efforts to expand its market presence and manage its financial obligations effectively.

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