ATNFW Form 144: Proposed Sale of 189,959 Restricted Shares Valued $1.36M
Rhea-AI Filing Summary
Form 144 notice for 180 Life Sciences Corp. (symbol: ATNFW) discloses a proposed sale of 189,959 common shares, with an aggregate market value of $1,358,187.85. The shares were acquired as a restricted stock grant from the issuer on 02/20/2025 and the filer indicates an approximate sale date of 08/14/2025 through Oppenheimer & Co., Inc. The filing reports 6,039,208 shares outstanding and states there were no sales in the past three months by the filer. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.
Positive
- Full Rule 144 disclosure provided with acquisition date, grant type, broker, sale date, and aggregate value
- Seller attests to absence of undisclosed material adverse information, meeting regulatory representation requirements
- No sales in prior three months reported, clarifying recent disposition history
Negative
- Proposed sale size disclosed: 189,959 shares for $1,358,187.85 which may increase available float upon sale
- Restricted stock grant being sold indicates insider-origin shares entering market (transactional fact disclosed)
Insights
TL;DR Proposed sale of 189,959 restricted shares valued at $1.36M; routine insider disposition disclosure.
The filing shows a controlled, scheduled disposition of shares originally received as a restricted stock grant on 02/20/2025. The seller intends to transact via a broker (Oppenheimer) with an approximate sale date of 08/14/2025 and reports no other sales in the prior three months. This is a compliance-focused disclosure that notifies the market of potential share supply but contains no operational or financial performance details about the issuer.
TL;DR Disclosure meets Rule 144 requirements; includes seller representation about material undisclosed information.
The notice provides the required details: acquisition date, nature of acquisition (restricted stock grant), number of shares, aggregate value, broker, and an affirmation that the seller lacks undisclosed material adverse information. It also confirms no reportable sales in the prior three months. The submission appears procedural and fulfills regulatory transparency obligations without revealing governance changes.