Powell speech takes center stage in Tuesday’s economic events
Giftify, INC. (NASDAQ: GIFT), a company whose stock has declined 65% over the past year and currently trades at $1.07, saw its Vice President of Sales Timothy William Miller sell 1,000 shares of common stock at a price of $1.05 on September 8, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the transaction was $1,050.
Following the transaction, Miller directly owns 46,833 shares of Giftify, INC.
The sale was executed under a 10b5-1 trading plan entered into on February 6, 2025, with Merrill Lynch, stipulating the sale of 1,000 shares on or around the first day of each month starting March 1, 2025.
In other recent news, Giftify, Inc. announced the resignation of Balazs Wellisch as the chief operating officer of its subsidiary, Restaurant.com. The company did not provide further details on the resignation or any potential replacement plans in its official filing with the Securities and Exchange Commission. Additionally, Giftify launched a new corporate rewards platform called uChoose, which allows recipients to redeem rewards across over 200 brands in various sectors, including retail, dining, travel, and entertainment. The platform is designed to offer cost advantages to corporate clients by leveraging CardCash’s expertise in the secondary gift card marketplace. An interesting feature of the uChoose platform is its "breakage sharing" option, which returns unused gift card value to businesses. Each reward on the platform also includes complimentary benefits from Restaurant.com. These developments reflect Giftify’s ongoing efforts to expand its offerings and adapt to market demands.
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