Titan Medical Inc (TMDIF)

[FISH21049]

I believe that 'INSIDERS' are defined as senior level management (Directors, CEO, CFO, COO, and Upper Management Decision Makers of the company). These are people who make policy decisions and know what is truly going on within the company.

I as a shareholder could own 10% of this company, not be affiliated in any way be employed by the company, or have any decision making abilities. I WOULD BE NOTHING MORE THAN AN INVESTORS WHO OWNS A LARGE CHUNK OF THE COMPANY but have strict reporting guidelines on buying or selling shares of the copany.

A janitor or maintenance worker or bathroom cleaner working for the company could own 10 shares of stock IS NOT CONSIDERED an insider. He is just an employee who happens to own a token amount of shares because he thinks it is a good idea or investment.

if A FIRM (INSTITUTIONAL OR OTHERWISE) HAS a atake of 5% or more, they are required to file some document about owning 5% or more of the outstanding shares of the company.