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ShiftPixy, Inc. insider just disposed of 8,608,125 shares

Scott W Absher, an insider of ShiftPixy, Inc., recently disposed of 8,608,125 shares of the company. The disposals took place at $0.00 per share, on September 25, 2023. Absher now owns just 4,744,234 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Absher operates out of Miami, FL. Some additional info was provided as follows:

The disposition of the subject shares reflects the donation by the Reporting Person of 1,721,625 shares of the Issuer's Common Stock, Par Value $0.0001 Per Share ("Common Stock"), to each of the following 5 public charitable organizations: Ronald McDonald House Charities, Inc., Samaritan's Purse, Compassion International, Inc., American Red Cross, and World Vision, Inc. Excludes 13 shares of Common Stock underlying options exercisable within 60 days of September 25, 2023; in addition, assumes full exercise of an option that is exercisable (conditioned on the Issuer's completion of a reverse stock split and the Reporting Person's donation of between 5 and 10% of his shares of Common Stock to charitable organizations) for 4,744,234 shares of the Issuer's Preferred Class A Stock, which are convertible for 4,744,234 shares of Common Stock, and accordingly includes such shares.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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