Gifa Inc (GIFX)

[Themistocles_I]

No, actually I'm right.

Form 144
This must be filed by anyone (insider or not) intending to sell restricted, unregistered securities. It provides notice of an intent to sell more than 500 shares or $10,000 worth of securities within the next 90 days. Form 144 shows intent only and does not obligate the seller to complete the sale. Restricted securities are usually provided as part of an executive's compensation package or in exchange for seed capital. Such securities are generally unregistered, meaning the shares have not been approved by the SEC for sale on the open market. Filing a Form 144 is part of the process of removing this restriction. It must be filed on or before the actual sale date, but does not show the actual transaction. When the security is actually sold, a Form 4 must be filed with the SEC. In practice, Form 144 and Form 4 are often filed at the same time.

https://www.aaii.com/investing/article/an-investors-guide-to-corporate-insider-trading-activity