Maurice J Gallagher Jr (ALGT) plans 49,139-share Rule 144 stock sale
Rhea-AI Filing Summary
A person filing a notice under Rule 144 plans to sell 49,139 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $5,675,486.32. The issuer has 18,313,574 shares outstanding.
The shares to be sold were privately acquired from the issuer on 07/16/2001 for cash. Over the past three months, Maurice J Gallagher Jr has already sold 175,000 common shares for $19,990,890.00. The filer represents not knowing any undisclosed material adverse information about the issuer’s operations.
Positive
- None.
Negative
- None.
Insights
Form 144 shows a significant planned insider sale alongside recent large disposals.
The filing outlines a planned sale of 49,139 common shares with an aggregate market value of
The issuer has 18,313,574 shares outstanding, so the planned sale is a small fraction of total shares. However, over the prior three months, Maurice J Gallagher Jr sold 175,000 shares for gross proceeds of
The representation that the selling person does not know any undisclosed material adverse information aligns with Rule 144 requirements and indicates the sales are being made with publicly available information. Actual market impact will depend on execution of the planned sale around