Bio-Rad Laboratories (NYSE: BIO) insider files to sell 776 shares under Rule 144
Rhea-AI Filing Summary
Bio-Rad Laboratories insider plans modest stock sale under Rule 144. A holder of Bio-Rad Laboratories, Inc. common stock has filed a notice of intent to sell 776 shares through Morgan Stanley Smith Barney LLC on the NYSE. The aggregate market value of the planned sale is listed as $247,978.56. The filing notes that 21,906,399 common shares were outstanding for the issuer at the time referenced in the form, providing context for the relatively small size of this transaction.
The shares to be sold come from restricted stock awards acquired from the issuer on three dates in early September 2022, in amounts of 264, 196, and 316 shares. The seller represents that they are not aware of any material nonpublic adverse information about the company’s current or prospective operations and acknowledges the criminal penalties that can apply to intentional misstatements.
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FAQ
What does the Form 144 filing for BIO indicate?
The Form 144 indicates that a holder of Bio-Rad Laboratories, Inc. (BIO) common stock intends to sell 776 shares under Rule 144 on the NYSE, with an aggregate market value of $247,978.56.
How large is the planned BIO share sale compared to shares outstanding?
The notice lists 21,906,399 common shares outstanding for Bio-Rad Laboratories, Inc., so the planned sale of 776 shares represents a very small portion of the total shares.
How were the BIO shares being sold acquired?
The shares to be sold are common stock acquired as restricted stock directly from the issuer on three dates in September 2022, in lots of 264, 196, and 316 shares.
Which broker is handling the planned BIO stock sale?
The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, as the broker for the planned sale of Bio-Rad Laboratories, Inc. common stock.
On which exchange will the BIO shares be sold?
The Form 144 states that the 776 common shares of Bio-Rad Laboratories, Inc. are intended to be sold on the NYSE.
What representation does the seller make in the BIO Form 144?
The seller represents that they do not know of any material adverse information about Bio-Rad Laboratories, Inc.’s current or prospective operations that has not been publicly disclosed and acknowledges that intentional misstatements can be a federal criminal violation.